E$3\mathrm{.}3($LO $1)($Income Statement Items$)$ Presented below are certain account balances of Paczki 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

$$

$390,000$

Ending retained earnings

$$

$125,000$

$$

Income tax expense

$$

$31,000$

Dividend revenue

$$

$71,000$

$$

Cost of goods sold

$$

$184,400$

Sales returns and allowances

$$

$12,400$

$$

Administrative expenses

$$

$82,500$

Instructions

From the foregoing, compute the following: $($a$)$ total net revenue and $($b$)$ net income.