(Income Statement Items) Presented below are certain account balances of Paczki Products Co.

Instructions From the foregoing, compute the following:

(a) total net revenue,

(b) net income,

(c) dividends declared during the current year.

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Rental revenue Interest expense Beginning retained earnings Ending retained earnings Dividend revenue Sales returns $ 6,500 Sales discounts 12,700 Selling expenses 114,400 Sales $ 7,800 99,400 390,000 134,000 Income tax 31,000 71,000 Cost of goods sold 184,400 12,400 Administrative expenses 82,500