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Advertising and Promotion Expenses Income Tax Expense Interest Expense Other Expenses Other Selling & Administrative Expenses Sales Revenue Salaries and Wages Expense Required: $
Advertising and Promotion Expenses Income Tax Expense Interest Expense Other Expenses Other Selling & Administrative Expenses Sales Revenue Salaries and Wages Expense Required: $ 264,300 56,680 44,080 124,200 352,600 1,874,300 726,600 a. Calculate the net income for Green Thumb, Incorporated for Year 3. b. Prepare a statement of retained earnings for Green Thumb, Incorporated for Year 3. Assume the company had retained earnings of $163,800 as of January 1, Year 3, and paid out $46,180 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, Incorporated for Year 3. Assume the company had retained earnings of $163,800 as of January 1, Year 3, and paid out $46,180 in dividends during Year 3. GREEN THUMB, INCORPORATED Statement of Retained Earnings For the Year Ended December 31, Year 3 Retained Earnings, January 1, Year 3 Retained Earnings, December 31, Year 31
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