A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below. 1 Advertising and Promotion Expenses Income Tax Expense Interest Expense Other Expenses Other Selling & Administrative Expenses Sales Revenue Salaries and Wages Expense $ 263,500 56,600 44,000 123,400 351,800 1,870,300 725,800 Required: . 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 $163,000 as of January 1, Year 3, and paid out $46,100 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 B > A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below. 1 Advertising and Promotion Expenses Income Tax Expense Interest Expense Other Expenses Other Selling & Administrative Expenses Sales Revenue Salaries and Wages Expense $ 263,500 56,600 44,099 123,400 351,800 1,870,300 225,800 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 S163,000 as of January 1, Year 3, and paid out $46,100 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, Inc. for Year 3. Assume the company had retained earnings of $163,000 as of January 1, Year 3, and paid out $46,100 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