Presented below are certain account balances of Sheridan Products Co. Rent revenue Interest expense Beginning retained earnings Ending retained earnings Dividend revenue Sales returns and allowances (a) (b) Total net revenue Net income $ $6,510 $ 13,340 114,860 134,870 71,020 From the foregoing, compute the following: (a) total net revenue and (b) net income. 12,900 Sales discounts Selling expenses Sales revenue Income tax expense Cost of goods sold Administrative expenses $8,390 99,470 401,600 24,627 174,271 80,940

^ first problem:

second problem:

Presented below are certain account balances of Sheridan Products Co. rom the foregoing, compute the following: (a) total net revenue and (b) net income (a) Total net revenue (b) Net income $ Presented below is information related to Waterway Company at December 31, 2025, the end of its first year of operations. Compute the following: (Ignore income tax effects.)