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A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below. $ 263,900 56,640 . 44,040 123,800 352,200 1,872,300 726,200 Advertising
A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below. $ 263,900 56,640 . 44,040 123,800 352,200 1,872,300 726,200 Advertising and Promotion Expenses Income Tax Expense Interest Expense Other Expenses Other Selling and Administrative Expenses Sales Revenue Salaries and Wages Expense Required: a. Calculate the net income for the Green Thumb, Inc. for Year 3. et Income b. Prepare a statement of retained earnings for Green Thumb, Inc. for Year 3. Assume the company had retained earnings of $163.400 as of January 1. Year 3, and paid out $46,140 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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