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E4-3 (Income Statement Items) Presented below are certain account balances of Paczki Products Co. Rent revenue Interest expense Beginning retained earnings Ending retained earnings Dividend
E4-3 (Income Statement Items) Presented below are certain account balances of Paczki Products Co. Rent revenue Interest expense Beginning retained earnings Ending retained earnings Dividend revenue Sales returns and allowances Allocation to noncontrolling interest $ 6,500 12,700 114,400 134,000 71,000 12,400 17,000 Sales discounts Selling expenses Sales revenue Income tax expense Cost of goods sold Administrative expenses $ 7,800 99,400 390,000 31,000 184,400 82,500 Instructions From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) dividends declared, and (d) income attributable to controlling stockholders. E4-4 (Single-Step Income Statement) The financial records of LeRoi Jones Inc. were destroyed by fire at the end of 2014. Fortunately, the controller had kept certain statistical data related to the income statement as follows
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