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2 A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below. Advertising and Promotion Expenses Income Tax Expense Interest
2 A list of Year 3 revenues and expenses for Green Thumb, Inc. 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: $ 264,000 56,650 44,050 123,900 352,300 1,072,800) 726,300 a. Calculate the net income for the Green Thumb, Inc. for Year 3. b. Prepare a statement of retained earnings for Green Thumb, Inc. for Year 3. Assume the company had retained earnings of $163,500 as of January 1, Year 3, and paid out $46,150 in dividends during Year 3. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the net income for the Green Thumb, Inc. for Year 3, Net Income
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