Tamarisk Inc. reported Income from Continuing Operations before taxes during $2025$ of $$805,200.$ Additional transactions occurring in $2025$ but not considered in the $$805,200$ are as follows.

$1.$ The corporation experienced an uninsured flood loss in the amount of $$90,700$ during the year.

$2.$ At the beginning of $2023,$ the corporation purchased a machine for $$63,000($salvage value of $$10,500)$ that had a useful life of $6$ years. The bookkeeper used straight$-$line depreciation for $2023,2024,$ and $2025,$ but failed to deduct the salvage value in computing the depreciation base.

$3.$ Sale of securities held as a part of its portfolio resulted in a loss of $$59,300($pretax$).$

$4.$ When its president died, the corporation realized $$135,700$ from an insurance policy. The cash surrender value of this policy had been carried on the books as an investment in the amount of $$50,460($the gain is nontaxable$).$

$5.$ The corporation disposed of its recreational division at a loss of $$112,010$ before taxes. Assume that this transaction meets the criteria for discontinued operations.

$6.$ The corporation decided to change its method of inventory pricing from average$-$cost to the FIFO method. The effect of this change on prior years is to increase $2023$ income by $$55,790$ and decrease $2024$ income by $$20,180$ before taxes. The FIFO method has been used for $2025.$ The tax rate on these items is $30\%.$