Marigold Inc. provided the following information for the year 2020.

Retained earnings, January 1, 2020		$	516,000
Administrative expenses			206,400
Selling expenses			258,000
Sales revenue			1,634,000
Cash dividends declared			68,800
Cost of goods sold			731,000
Loss on discontinued operations			94,600
Rent revenue			88,322
Unrealized holding gain on available-for-sale debt securities			14,620
Income tax applicable to continuing operations			160,820
Income tax benefit applicable to loss on discontinued operations			52,030
Income tax applicable to unrealized holding gain on available-for-sale debt securities			1,720

MARIGOLD, INC. Income Statement For the Year Ended December 31, 2020 Revenues Sales Revenue $ 163 Rent Revenue 6 Total Revenues 170 Expenses Cost of Goods Sold 7 Selling Expenses 25 Administrative Expenses 20 Income Tax Expense 16 Total Expenses 135 Income From Continuing Operations Before Income Tax 36 Discontinued Operations