The accountant of Marigold Shoe has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2022. Rent revenue 24,940 Interest expense 15,480 Unrealized gain on equity securities designated at fair value through other comprehensive income, net of tax 26,660 Selling expenses 120,400 Income tax 26,316 Administrative expenses 155,660 Cost of goods sold 443,760 Net sales 842,800 Cash dividends declared Loss on sale of plant assets 13,760 12,900 There were 20,000 ordinary shares outstanding during the year.