Certain account balances follow for Vincenti Products Corp.

Instructions
Based on the balances, calculate the following:
(a) Total net revenue,
(b) Net income or loss, and
(c) Dividends declared during the current year.

Transcribed Image Text:

$ 8,500 Sales discounts Rental revenue Interest expense Beginning retained earnings Ending retained earnings Dividends revenue Sales returns and allowances 2,700 114,400 74,000 1,000 22,400 Selling expenses Sales revenue Income tax expensie Cost of goods sold Administrative expenses $17,800 79,400 490,000 100 384,400 82,500 9