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Rent revenue $7,120 Sales discounts $8,170 Interest expense 12,720 Selling expenses 99,640 Beginning retained earnings 114,970 Sales revenue 409,650 Ending retained earnings 134,410 Income tax
Rent revenue $7,120 Sales discounts $8,170 Interest expense 12,720 Selling expenses 99,640 Beginning retained earnings 114,970 Sales revenue 409,650 Ending retained earnings 134,410 Income tax expense 26,990 Dividend revenue 71,430 Cost of goods sold 185,780 Sales returns and allowances 12,500 Administrative expenses 84,270 a) what's the net income? b) what's the dividends declared
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