Skysong Inc. provided the following information for the year 2020.

Retained earnings, January 1, 2020		$	540,000
Administrative expenses			216,000
Selling expenses			270,000
Sales revenue			1,710,000
Cash dividends declared			72,000
Cost of goods sold			765,000
Loss on discontinued operations			99,000
Rent revenue			92,430
Unrealized holding gain on available-for-sale debt securities			15,300
Income tax applicable to continuing operations			168,300
Income tax benefit applicable to loss on discontinued operations			54,450
Income tax applicable to unrealized holding gain on available-for-sale debt securities			1,800