Reference no: EM131104858

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

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

Sales returns 12,400 Administrative expenses 82,500From the foregoing, compute the following: 

(a) Total net revenue, 
(b) Net income, 
(c) Dividends declared during the current year.