Net Income (or Loss) and Retained Earnings The following information is available from the records of Green Thumb Enterprises at the end of the year: Accounts payable $5,000 Landscaping revenues $28,000 Accounts receivable 4,500 Office equipment 7,500 Capital stock 8,000 Rent expense 6,500 Cash 16,000 Retained earnings, beginning of year 8,500 Dividends paid during the year 3,000 Salary and wage expense 12,000 Required: Use the above information to answer the following questions. 1. What is Green Thumb's net income for the year? 2. What is Green Thumb's Retained Earnings balance at the end of the year? 3. What is the total amount of Green Thumb's assets at the end of the year? 4. What is the total amount of Green Thumb's liabilities at the end of the year? 5. How much owners' equity does Green Thumb's have at the end of the year? 6. What is Green Thumb's accounting equation at the end of the year? + $ +