Presented below are selected ledger accounts of Tucker Corporation as of December 31,2025.Cash$50,000Administrative expenses100,000Selling expenses80,000Net...

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Accounting

Presented below are selected ledger accounts of Tucker Corporation as of December 31,2025.Cash$50,000Administrative expenses100,000Selling expenses80,000Net sales540,000Cost of goods sold210,000Cash dividends declared (2025)20,000Cash dividends paid (2025)15,000Discontinued operations (loss before income taxes)40,000Depreciation expense, not recorded in 202430,000Retained earnings, December 31,202490,000Effective tax rate 20%

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