The following information was taken from the records of Vaughn Inc. for the year 2025: Income tax applicable to income from continuing operations $201,960, income tax applicable to loss on discontinued operations $27,540, and unrealized holding gain on available-for-sale debt securities (net of tax) $16,200. Gain on sale of equipment $102,600 Cash dividends declared $162,000 Loss on discontinued operations 81,000 Retained earnings January 1, 2025 2,160,000 Administrative expenses 259,200 Cost of goods sold 918,000 Rent revenue 43,200 Selling expenses 324,000 Loss on write-down of inventory 64,800 Sales revenue 2,052,000 Shares outstanding during 2025 were 100,000.