Presented below is information related to Donaldson Corp., for the year 2017. Net sales Cost of goods sold Selling expenses $1,950,000 1,200,000 95,000 Administrative expenses Dividend revenue Interest revenue Interest expense 70,000 30,000 20,000 45,000 Write-off of goodwill due to impairment 75,000 Depreciation expense omitted in 2015 105,000 Dividends declared 120,000 Effect on prior years of change in accounting principle (credit) 220,000 Loss from operations of discontinued component of business 240,000 Gain from disposal of component of business 300,000