56,500 A list of Year 3 revenues and expenses for Green Thumb Incorporated is provided below. Advertising and Promotion Expenses $ 262,500 Income Tax Expense Interest Expense 43,900 Other Expenses 122,400 Other Selling & Administrative Expenses 350.800 Sales Revenue 1,865,300 Salaries and Wages Expense 724, 800 Required: 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 $162,000 as of January 1, Year 3, and paid out $46,000 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 Green Thumb Incorporated for Year 3. Net Income Required Required B > Required: 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 $162,000 as of January 1 Year 3, and paid out $46,000 in dividends during Year 3 Complete this question by entering your answers in the tabs below. Required A Required B Prepare a statement of retained earnings for Green Thumb, Incorporated for Year 3. Assume the company had retained earnings of $162,000 as of January 1, Year 3, and paid out $46,000 in dividends during Year 3. GREEN THUMB, INCORPORATED Statement of Retained Earnings For the Year Ended December 31, Year 3 Retained Earnings, January 1 Year 3 Retained Earnings, December 31, Year 3 Required A Fuled