Question: E4.3 (LO 2, 3) (Income Statement Items) Presented below are certain account balances of Paczki Products Co. Rent revenue $6,500 Interest expense 12,700 Beginning retained
E4.3 (LO 2, 3) (Income Statement Items) Presented below are certain account balances of Paczki Products Co.
| Rent revenue | $6,500 |
| Interest expense | 12,700 |
| Beginning retained earnings | 114,400 |
| Ending retained earnings | 125,000 |
| Dividend revenue | 71,000 |
| Sales returns and allowances | 12,400 |
| Allocation to noncontrolling interest | 17,000 |
| Sales discounts | $7,800 |
| Selling expenses | 99,400 |
| Sales revenue | 390,000 |
| Income tax expense | 31,000 |
| Cost of goods sold | 184,400 |
| Administrative expenses | 82,500 |
Instructions
From the foregoing, compute the following: (a) total net revenue, (b) net income, and (c) income attributable to controlling stockholders.
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