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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
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 263, 109 56,560 43.969 123,000 351 408 1,868. 309 725,40e 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 $162.600 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 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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