The financial records of Crane Inc. were destroyed by fire at the end of $2025.$ Fortunately, the controller had kept certain statistical data related to the income statement as follows.

The beginning merchandise inventory was $$73,600$ and decreased $20\%$ during the current year.

Sales discounts amount to $$13,600.$

$15,904$ shares of common stock were outstanding for the entire year.

Interest expense was $$16,000.$

The income tax rate is $30\%.$

Cost of goods sold amounts to $$400,000.$

Administrative expenses are $20\%$ of cost of goods sold but only $8\%$ of gross sales.

Four$-$fifths of the operating expenses relate to sales activities.