Presented below is information related to Coronado Corp. for the year 2025. Net sales $1,326,000 Write-off of inventory due to obsolescence $81,600 Cost of goods sold 795,600 Depreciation expense omitted by accident in 2024 56,100 Selling expenses 66,300 Casualty loss 51,000 Administrative expenses 48,960 Cash dividends declared 45,900 Dividend revenue 20,400 Retained earnings at December 31, 2024 999,600 Interest revenue 7,140 Effective tax rate of 20% on all items