The ledger of Sunland Corporation at November 30, 2024, contains the following summary data: Cash dividends- $63,500 Operating expenses $1,107,000 common Cash dividends- 25,000 Other comprehensive income-loss on equity investments (before income tax) preferred 77,000 Common shares 318,500 Rent revenue 45,000 Cost of goods sold 7,250,000 Preferred shares ($5 noncumulative) 387,000 Depreciation expense 347,000 Retained earnings, December 1, 2023 738,000 Sales 9,017,000 Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. The communications devices division was discontinued on August 31. The profit from operations for the division up to that day was $16,400 before income tax. The division was sold at a loss of $73,500 before income tax. 3. There were 200,000 common and 5,000 preferred shares issued on December 1, 2023, with no changes during the year.