The following information is related to Blue Company for 2025. Retained earnings balance, January 1, 2025 $1,293,600 Sales revenue 33,000,000 Cost of goods sold 21,120,000 Interest revenue 92,400 Selling and administrative expenses 6,204,000 Write-off of goodwill 1,082,400 Income taxes for 2025 1,642,080 Gain on the sale of investments 145,200 Loss due to flood damage 514,800 Loss on the disposition of the wholesale division (net of tax) 580,800 Loss on operations of the wholesale division (net of tax) 118,800 Dividends declared on common stock 330,000 Dividends declared on preferred stock 105,600 Blue Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Blue sold the wholesale operations to Rogers Company. During 2025, there were 500,000 shares of common stock outstanding all year.