The accountant of Oriole 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 34,220 21,240 Unrealized gain on equity securities designated at fair value through other comprehensive income, net of tax 36,580 Selling expenses 165,200 Income tax 36,108 Administrative expenses 213,580 Cost of goods sold 608,880 Net sales Cash dividends declared 1,156,400 18,880 Loss on sale of plant assets 17,700 There were 20.000 ordinary shares outstanding during the year.