The accountant of Nash 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 Interest expense 23,780 14,760 Unrealized gain on equity securities designated at fair value through other comprehensive income, net of tax 25,420 Selling expenses 114,800 Income tax 25,092 Administrative expenses 148,420 Cost of goods sold 423,120 Net sales 803,600 Cash dividends declared 13,120 Loss on sale of plant assets 12,300 There were 20,000 ordinary shares outstanding during the year