Presented below are certain account balances of Paczki Products Co.
Rent revenue |
$6,910 |
Sales discounts |
$8,060 |
Interest expense |
13,100 |
Selling expenses |
99,480 |
Beginning retained earnings |
114,920 |
Sales revenue |
403,630 |
Ending retained earnings |
134,350 |
Income tax expense |
26,820 |
Dividend revenue |
71,670 |
Cost of goods sold |
184,990 |
Sales returns and allowances |
12,790 |
Administrative expenses |
83,100 |
Allocation to noncontrolling interest |
18,616 |
From the foregoing, compute the following:
(a) Total net revenue
(b) Net income
(c) Dividends declared
(d) Income attributable to controlling stockholders