The following information was taken from the records of Skysong Inc. for the year 2025 : Income tax applicable to income from continuing operations $168,300, income tax applicable to loss on discontinued operations $22,950, and unrealized holding gain on available-for-sale debt securities (net of tax) \$13,500. Shares outstanding during 2025 were 100,000. SKYSONG INC. Income Statement For the Year Ended December 31, 2025 Revenues Sales Revenue $1,710,000 Rent Revenue 36,000 Expenses Cost of Goods Sold 765,000 Selling Expenses 270,000 Administrative Expenses 216,000 Total Expenses Income from Continuing Operations Discontinued Operations Loss on Discontinued Operations 67,500 $ 1