Question 4 The ledger of Oriole Corporation at November 30, 2017, contains the following summary data: Cash dividends-common $1,104,000 Cash dividends-preferred 74,000 Common shares Cost of goods sold Depreciation expense Sales $62,000 Operating expenses Other comprehensive income-loss on 22,000 equity investments (before income tax) 317,000 Rent revenue 7,220,000 Preferred shares ($5 noncumulative) 344,000 Retained earnings, December 1, 2016 9,014,000 42,000 384,000 735,000 Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. The communications devices division was discontinued on August 31. The profit from operations for the division up to that day was $15,800 before income tax. The division was sold at a loss of 000 before income tax. 3. There were 200,000 common and 5,000 preferred shares issued on December 1, 2016, with no changes during the year. (a)