The following information was taken from the records of Sheffield Inc. for the year $2025$: Income tax applicable to income from continuing operations $$209,440,$ income tax applicable to loss on discontinued operations $$28,560,$ and unrealized holding gain on available$-$for$-$sale debt securities $($net of tax$)$ $$16,800.$

Gain on sale of equipment

$$106,400$

Cash dividends declared

$$168,000$

Loss on discontinued operations

$84,000$

Retained earnings January $1,2025$

$2,400,000$

Administrative expenses

$268,800$

Cost of goods sold

$952,000$

Rent revenue

$44,800$

Selling expenses

$336,000$

Loss on write$-$down of inventory

$67,200$

Sales revenue

$2,128,000$

Shares outstanding during $2025$ were $100,000$ Comprehensive income statement