Sandhill Corporation's capital structure consists of 50,000 shares of common stock At December 31, 2020 an analysis of the accounts and discussions with company officials revealed the following information $1,238,000 Sales revenue Discontinued operations loss (net of tax) Selling expenses 63,000 126,600 Cash 59.400 90,800 Accounts receivable Common stock Cost of goods sold Accumulated depreciation machinery Dividend revenue Unearned service revenue Interest payable 200,000 702,300 180.800 8,300 4.700 1,600 Land 370,000 112,000 253,870 18,900 165,400 Patents Retained earnings, January 1, 2020 Interest expense Administrative expenses Dividends declared Allowance for doubtful accounts Notes payable (maturity 7/1/23) Machinery Materials Accounts payable 26,400 5.400 205,000 452,000 38,200 57 400 The amount of income taxes was $69.930, excluding the tax effect of the discontinued operations loss which amounted to $27,000 Preparate comment Sand Corporation INCOME STATDAN 1 > > > per Share on V >