E4-1 , computation of Net In onel he ented below are changes in a theaccount balances of Fritz May Co during the current year, except for retained earnings Furniture (Decrease) s (51000) 82000 125,000 79,000ACCounts Payable Cash Accounts Recelvable (net45,000 Bonds Payable Common Stock 127 000 7Paid-In Capital in Excess of Par Common Stock Compute the net income for the current year assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $19,000 which was paid in the current year E4-2 (L02,4) (Compute Income Measures) Presented below is information related to Viel Company at December 31, 2017 the end of its firnst year of operations Sales nevenue Cost of goods sold Gain on sale of plant assets Interest esperne Dividends declared and paid 5310,000 40,000 0,000 9,000 10,000 6000 5,000 Comute the follon ing ta) income from operations, 0b) net income (i) comprehensive income, and (d) retained ance at December 31,2017.Ugnore income tax effects E4-3 L02,4) dacome Statement Items) Presented below are certain account balances of Paczki Products Co Rent revenue 5 6500 Sales discounts 7.800 99 ,400 90,000 31,000 184.400 12700 Selling esprises Beginning ained eaming Ending netained eamings 25,000Income tax expense 1000Cost of goods sold ntums and alowances 7,000 From the f the followinga) total net revenue, (b) net income, (c) dividends declared, and (d) income atribut- 4-4 102,3 Single Strp lecone Statement) The financial reconds of LeRoi Jones Inc. were destroyed by fire at the end of 17 Fotely, the contoller had kept certain statistical data nelated to the income statement as follows