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E4.3 (LO 2, 3) (Income Statement Items) Presented below are certain account balances of Paczki...

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Accounting

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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