1.Presented below are certain account balances of Martinez Products Co.

Rent revenue		$6,610		Sales discounts		$7,930
Interest expense		13,420		Selling expenses		99,440
Beginning retained earnings		114,500		Sales revenue		410,000
Ending retained earnings		134,260		Income tax expense		28,935
Dividend revenue		71,490		Cost of goods sold		179,854
Sales returns and allowances		12,560		Administrative expenses		75,280

From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) dividends declared, and (d) income attributable to controlling stockholders, if Martinez has allocation to noncontrolling interest of $19,240.

(a)		Total net revenue		$
(b)		Net income		$
(c)		Dividends declared		$
(d)		Income attributable to controlling stockholders		$

2. On January 1, 2017, Sheffield Inc. had cash and common stock of $62,320. At that date, the company had no other asset, liability, or equity balances. On January 2, 2017, it purchased for cash $23,780 of debt securities that it classified as available-for-sale. It received interest of $4,230 during the year on these securities. In addition, it has an unrealized holding gain on these securities of $5,080 net of tax. Determine the following amounts for 2017: (a) net income, (b) comprehensive income, (c) other comprehensive income, and (d) accumulated other comprehensive income (end of 2017).