The following is information for Culver Corp. for the year ended December 31, 2023: Sales revenue Unrealized gain on FV-OCI equity investments Interest income Cost of goods sold Selling expenses Administrative expenses Dividend revenue $1,300,000 42,000 Loss on disposal of equipment 8,000 780,000 65,000 48,000 Loss on inventory due to decline in net realizable value 25,000 Depreciation expense related to buildings omitted by mistake in 2022 Retained earnings at December 31, 2022 Loss from expropriation of land Dividends declared $81,000 40,000 51,000 990,000 56,000 41,000 The effective tax rate is 25% on all items. Culver prepares financial statements in accordance with IFRS. The FV-OCI equity investments trade on the stock exchange. Gains/losses on FV-OCI investments are not recycled through net income.