Question 2 of 4 < > View Policies -/2 Current Attempt in Progress The following information was taken from the records of Waterway SA for the year 2022: Income tax applicable to income from continuing operations R$ 138,400; income tax applicable to loss on discontinued operations R$29,400, and unrealized holding gain on equity securities designated at fair value through other comprehensive income R$17,400. Gain on sale of plant assets R$112,000 Cash dividends declared R$174,000 Loss on discontinued operations 87,000 Retained earnings January 1, 2022 696,000 Administrative expenses 282,000 Cost of goods sold 986,000 Rent revenue 50,000 Selling expenses 348,000 Loss on impairment of land 69,600 Sales revenue 1,972,000 Ordinary shares outstanding during 2022 were 100,000.