Exercise 4-09 (Part Level Submission) Presented below is information related to Bramble Corp. for the year 2020. Net sales $1,378,000 Write-off of inventory due to obsolescence $84,800 Cost of goods sold 826,800 Depreciation expense omitted by accident in 2019 58,300 Selling expenses 68,900 Casualty loss 53,000 Administrative expenses 50,880 Cash dividends declared 47,700 Dividend revenue 21,200 Retained earnings at December 31, 2019 1,038,800 Interest revenue 7,420 Effective tax rate of 20% on all items