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 262,700 56,520 43,920 122,600 351,000 1,866,300 725,000 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 $162,200 as of January 1, Year 3, and paid out $46,020 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 Required A Required B Prepare a statement of retained earnings for Green Thumb, Inc. for Year 3. Assume the company had retained earnings of $162,200 as of January 1, Year 3, and paid out $46,020 in dividends during Year 3. GREEN THUMB, INC. Statement of Retained Earnings For the Year Ended December 31, Year 3 Retained Earnings, January 1, Year 3 Retained Earnings, December 31, Year 3