(Income Statement Items) Presented below are certain account balances of Paczki Products Co.

From the foregoing, compute the following:

(a) Total net revenue,

(b) Net income,

(c) Dividends declared during the current year.

Sales discounts Rental revenue $ 6,500 S 7,800 Interest expense Beginning retained eamings 114,400 Ending retained eamings Selling expenses Sales 99,400 12,700 390,000 Income tax Cost of goods sold Administrative expenses 134,000 31,000 Dividend revenue 71,000 184,400 12,400 Sales returns 82,500