Sales revenue

$$279600$

Cost of goods sold

$$170600$

Administrative expenses

$40700$

Loss on disposal of equipment

$22000$

Sales commission expense

$15500$

interest revenue

$11000$

Freight$-$out

$6200$

Loss from discontinued operations

$24000$

Bad debt expense

Totals

$6200$

$$285200$

$$290600$

Sunland's income tax rate is $20\%.$

Finished goods inventories are as follows: