The following information is taken from the accounting records of Ivanhoe Corporation, a Canadian public company, for the year ended December 31, 2020. Accounts receivable $86,000 Retained earnings, January 1, 2020 273,500 Loss on operation of discontinued operations (before tax) 99,500 Sales revenue 1.279,000 Cost of goods sold 731,000 Selling expenses 128,000 Cash 67,000 Common shares (22.000 common shares outstanding) 220,000 Dividend revenue 17,700 Inventory 127,000 Unearned revenue Land 3.600 400,000