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Presented below are certain account balances of Oriole Products Co. Rent revenue $6,520 Sales discounts $8,240 Interest expense 13,460 Selling expenses 99,440 Beginning retained
Presented below are certain account balances of Oriole 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 134,130 Income tax expense 25,015 Dividend revenue 71,910 Cost of goods sold 188,927 Sales returns and allowances 12,910 Administrative expenses 75,820 From the foregoing, compute the following: (a) total net revenue and (b) net income. (a) Total net revenue J (b) Net income
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