Question 12 Presented below are certain account balances of Tariq enterprises for the year Rental revenue $5,200 Sales discounts $ 6,240 Interest expense 10,160 Selling expenses 79,520 Beginning retained earnings 91,520 Sales 312,000 Ending retained earnings 107.200income tax 24,800 Dividend revenue 56,800 Cost of goods sold 147,520 Sales returns 9,920 Administrative expenses 66,000 Required From the foregoing, compute the following: (a) total net revenue (b) net income for the current year. C Explain three (3) factors that may be considered why income statements are not perfect measures of a company's income Response Feedback: [None Glven]