The following information is taken from the accounting records of Sandhill Corporation, a Canadian public company, for the year ended December 31, 2023. Accounts receivable $86,500 Retained earnings, January 1, 2023 266,000 Loss on operation of discontinued operations (before tax) 103,500 Sales revenue 1,156,500 Cost of goods sold 733,500 Selling expenses 129,500 65,000 Cash Common shares (22,000 common shares outstanding) 200,000 18,200 Dividend revenue 125.000 Inventory 3.700 Unearned revenue Land 400,000 13