E3.3 (LO 2) (Income Statement Items) Presented below are certain account balances of Wade Products Co.

Rent revenue $ 6,500 Sales discounts $ 7,800 Interest expense 12,700 Selling expenses 99,400 Beginning retained earnings 114,400 Sales revenue 400,000 Ending retained earnings 134,000 Income tax expense 26,600 Dividend revenue 71,000 Cost of goods sold 184,400 Sales returns and allowances 12,400 Administrative expenses 82,500 Instructions Using the information above, compute the following:

(a) total net revenue,

(b) net income, and

(c) dividends declared during the current year.