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Presented below are certain account balances of Wade Products Co. Rent revenue Interest expense Beginning retained earnings Ending retained earnings Dividend revenue Sales returns and
Presented below are certain account balances of Wade Products Co.
Rent revenue Interest expense Beginning retained earnings Ending retained earnings Dividend revenue Sales returns and allowances $6,500 Sales discounts 12,700 Selling expenses $7,800 99,400 400,000 26,600 184,400 82,500 Sales revenue Income tax expense Cost of goods sold Administrative expenses 114,400 134,000 71,000 12,400 From the foregoing, compute the following: (a) Total net revenue (b) Net income (c) Dividends declared during the current yearStep by Step Solution
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