Presented below is information related to Sage Corp. for the year 2017.

Net sales		$1,399,500		Write-off of inventory due to obsolescence		$80,440
Cost of goods sold		788,200		Depreciation expense omitted by accident in 2016		43,600
Selling expenses		65,800		Casualty loss		53,900
Administrative expenses		53,500		Cash dividends declared		43,300
Dividend revenue		22,100		Retained earnings at December 31, 2016		1,042,400
Interest revenue		7,420		Effective tax rate of 34% on all items