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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

image text in transcribedimage text in transcribedimage text in transcribed 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 $ 263,100 56,560 43,960 123,000 Other Selling & Administrative Expenses 351,400 Sales Revenue 1,868,300 Salaries and Wages Expense 725,400 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 re- as of January 1, Year 3, and paid out $46,060 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 Inn for Vaar 3 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 $162.600 as of January 1, Year 3, and paid out $46,060 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 > Complete this question by entering your answers in the tabs below. Required A Required B Prepare a statement of retained earnings for Green Thumb, Inc. for Year 3. Assume the company had retained earnings of $162,600 as of January 1, Year 3, and paid out $46,060 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

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