The following information is related toTamariskCompany for 2025.

Retained earnings balance, January 1, 2025		$1,176,000
Sales revenue		30,000,000
Cost of goods sold		19,200,000
Interest revenue		84,000
Selling and administrative expenses		5,640,000
Write-off of goodwill		984,000
Income taxes for 2025		1,492,800
Gain on the sale of investments		132,000
Loss due to flood damage		468,000
Loss on the disposition of the wholesale division (net of tax)		528,000
Loss on operations of the wholesale division (net of tax)		108,000
Dividends declared on common stock		300,000
Dividends declared on preferred stock		96,000

TamariskCompany decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15,Tamarisksold the wholesale operations to Rogers Company. During 2025, there were500,000shares of common stock outstanding all year.