Prepare multi-step and single-step Income Statements.

E3.3 101) (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 $ 6,500 12,700 114,400 125,000 71,000 12.400 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 and (b) net income