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

Rent revenue		$6,520		Sales discounts		$8,240
Interest expense		13,460		Selling expenses		99,440
Beginning retained earnings		114,900		Sales revenue		407,700
Ending retained earnings		134130		Income tax expense		25,015
Dividend revenue		71910		Cost of goods sold		188,927
Sales returns and allowances		12910		Administrative expenses		75,820

Instructions

From the foregoing, compute the following: (a) total net revenue and (b) net income.