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CALCULATOR FULL SCREEN PRINTER VERSION Exercise 4-03 Presented below are certain account balances of Whispering Products Co. Rent revenue $7,420 Sales discounts $8,200 Interest expense
CALCULATOR FULL SCREEN PRINTER VERSION Exercise 4-03 Presented below are certain account balances of Whispering Products Co. Rent revenue $7,420 Sales discounts $8,200 Interest expense 12,720 Selling expenses 99,750 Beginning retained earnings 114,970 Sales revenue 404,200 Ending retained earnings 134,170 Income tax expense 28,623 Dividend revenue 71,230 Cost of goods sold 194,728 Sales returns and allowances 12,710 Administrative expenses 79,960 Allocation to noncontrolling interest 18,600 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, ir Whispering has allocation to noncontrolling interest of $18,600. (a) Total net revenue $ (b) Net income $ (c) Income attributable to controlling stockholders
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