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Presented below are certain account balances of Tamarisk Products Co. Rent revenue $7,120 Sales discounts $7,850 Interest expense 13,040 Selling expenses 99,530 Beginning retained earnings
Presented below are certain account balances of Tamarisk Products Co.
Rent revenue | $7,120 | Sales discounts | $7,850 | |||
---|---|---|---|---|---|---|
Interest expense | 13,040 | Selling expenses | 99,530 | |||
Beginning retained earnings | 114,740 | Sales revenue | 405,200 | |||
Ending retained earnings | 134,890 | Income tax expense | 24,744 | |||
Dividend revenue | 71,910 | Cost of goods sold | 192,416 | |||
Sales returns and allowances | 12,430 | Administrative expenses | 74,560 | |||
Allocation to noncontrolling interest | 19,400 |
From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Tamarisk has allocation to noncontrolling interest of $19,400.
(a) | Total net revenue | $ | ||
(b) | Net income | $ | ||
(c) | Income attributable to controlling stockholders | $ |
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