The following information was taken from the records of Bramble Inc. for the year 2023: Gain from expropriation $345,000 Cash dividends declared $230,000 Loss from operation of discontinued Rochelle Division 251,000 Retained earnings, January 1, 2023 1,860,000 Administrative expenses 780,000 Cost of goods sold 2,670,000 Rent revenue 180,000 Selling expenses 930,000 Loss from flood damage 200,000 Sales revenue 6,600,000 The following additional information was also available: income tax applicable to income from continuing operations, $467,000; income tax recovery applicable to loss from operation of discontinued Rochelle Division, $55,000. The company has elected to adopt ASPE.