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 $262,500 56,500 43,900 122,400 350,800 1,865,300 724,800 Required: 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 $162,000 as of January 1, Year 3, and paid out $46,000 in dividends during Year 3