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Information for $2023$ follows for Ayayai Corp.:

Retained earnings, January $1,2023$

Sales revenue

Cost of goods sold

Interest income

Selling and administrative expenses

Unrealized gain on $FV-$OCl equity investments $($gains$/$losses not recycled$)$

Loss on impairment of goodwill

Income tax on continuing operations for $2023($assume this is correct$)$

Assessment for additional income tax for $2021($normal$,$ recurring, and not caused by an error$)$

Gain on disposal of FV$-$NI investments

Loss from flood damage

Loss on disposal of discontinued division $($net of tax of $$62,500)$

Loss from operation of discontinued division $($net of tax of $$37,500)$

Dividends declared on common shares

Dividends declared on preferred shares

$35,000,000$

$27,330,000$

$150,000$

$4,550,000$

$260,000$

$490,000$

$600,000$

$400,000$

$90,000$

$360,000$

$250,000$

$150,000$

$200,000$

$50,000$

Ayayai decided to discontinue its entire wholesale division $($a major line of business$)$ and to keep its manufacturing division. On

September $15,$ it sold the wholesale division to Dylane Corp. During $2023,$ there were $500,000$ common shares outstanding all year.

Ayayai's tax rate is $20\%$ on operating income and all gains and losses $($use this rate where the tax provisions are not given$).$ Ayayai