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Rent revenue $7,330 Sales discounts $7,830 Interest expense 13,350 Selling expenses 99,800 Beginning retained earnings 114,830 Sales revenue 403,200 Ending retained earnings 134,910 Income tax
Rent revenue $7,330 Sales discounts $7,830 Interest expense 13,350 Selling expenses 99,800 Beginning retained earnings 114,830 Sales revenue 403,200 Ending retained earnings 134,910 Income tax expense 27,939 Dividend revenue 71,580 Cost of goods sold 202,594 Sales returns and allowances 12,740 Administrative expenses 87,720 Allocation to noncontrolling interest 19,880 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Waterway has allocation to noncontrolling interest of $19,880. (a) Total net revenue $ (b) Net income (c) Income attributable to controlling stockholders $
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