The following information was taken from the records of Metlock Inc. for the year 2025: Income tax applicable to income from continuing operations $183,260, income tax applicable to loss on discontinued operations $24,990, and unrealized holding gain on available-for-sale debt securities (net of tax) $14,700. Gain on sale of equipment $93,100 Cash dividends declared $147,000 Loss on discontinued operations 73,500 Retained earnings January 1, 2025 1,560,000 Administrative expenses 235,200 Cost of goods sold 833,000 Rent revenue 39,200 Selling expenses 294,000 Loss on write-down of inventory 58,800 Sales revenue 1,862,000 Shares outstanding during 2025 were 100,000.