The following information was taken from the records of Crane Inc. for the year $2020$: Income tax applicable to income from continuing operations $$149,600$; income tax applicable to loss on discontinued operations $$20,400,$ and unrealized holding gain on available$-$for$-$sale securities $($net of tax$)$ $$12,000.$

Gain on sale of equipment

$$76,000$ Cash dividends declared $$120,000$

Loss on discontinued operations $60,000$ Retained earnings January $1,2020480,000$

Administrative expenses $192,000$ Cost of goods sold $680,000$

Rent revenue $32,000$ Selling expenses $240,000$

Loss on write$-$down of inventory

$48,000$ Sales Revenue $1,520,000$

Shares outstanding during $2020$ were $100,000.$