Chapter $4$ Practice Problems $-$ Part $1$

$3.$ The following information is related to ABC Inc. for $2018.$ ABC is a manufacturing company.

$\backslash$table$[[$Gain on Sale of Investments,$800,000],[$Rent Revenue,$460,000],[$Interest Expense,$219,000],[$Depreciation Expense,$112,300],[$Interest Revenue,$14,200],[$Dividends Declared on Common Stock,$40,000],[$Gain on Disposal of Wholesale Division $($gross$),450,000],[$Loss from Operations of Wholesale Division $($gross$),690,000],[$Loss Due to Tornado Damage,$264,000],[$Dividends Declared on Preferred Stock,$30,000],[$Restructuring Costs,$96,000],[$Sales Revenue,$8,350,000$