(Answered) Question - income statement items presented below are

Accounting

Question - Income Statement Items

Presented below are certain account balances of Paczki Products Co.

Rental revenue	$6,770	Sales discounts	$7,950
Interest expense	12,970	Selling expenses	99,740
Beginning retained earnings	114,580	Sales	391,120
Ending retained earnings	134,250	Income tax	31,350
Dividend revenue	72,710	Cost of goods sold	185,950
Sales returns	12,770	Administrative expenses	83,310

From the foregoing, compute the following in a periodic inventory environment: (a) total net revenue, (b) net income, (c) dividends declared during the current year.

(a) Total net revenue

(b) Net income

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