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1 002702 A list of Year 3 revenues and expenses for Green Thumb, Incorporated is provided below. Advertising and Promotion Expenses Income Tax Expense
1 002702 A list of Year 3 revenues and expenses for Green Thumb, Incorporated is provided below. Advertising and Promotion Expenses Income Tax Expense Interest Expense Other Expenses Other Selling & Administrative Expenses Sales Revenue Salaries and Wages Expense Required: $262,600 56,510 43,910 122,500 350,900 1,865,800 724,900 a. Calculate the net income for Green Thumb, Incorporated for Year 3. b. Prepare a statement of retained earnings for Green Thumb, Incorporated for Year 3. Assume the company had retained earnings of $162,100 as of January 1, Year 3, and paid out $46,010 in dividends during Year 3 Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the net income reden Thumb, Incorporated for Year 3. Net income
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