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Presented below are certain account balances of Metlock Products Co. Rent revenue $6,600 Sales discounts $8,180 Interest expense 13,180 Selling expenses 99,820 Beginning retained earnings
Presented below are certain account balances of Metlock Products Co.
Rent revenue | $6,600 | Sales discounts | $8,180 | |||
---|---|---|---|---|---|---|
Interest expense | 13,180 | Selling expenses | 99,820 | |||
Beginning retained earnings | 114,440 | Sales revenue | 407,300 | |||
Ending retained earnings | 134,540 | Income tax expense | 28,592 | |||
Dividend revenue | 71,890 | Cost of goods sold | 186,293 | |||
Sales returns and allowances | 12,470 | Administrative expenses | 90,580 | |||
Allocation to noncontrolling interest | 18,440 |
From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Metlock has allocation to noncontrolling interest of $18,440.
(a) | Total net revenue | |||
(b) | Net income | |||
(c) | Income attributable to controlling stockholders |
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