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Please answer the following question as legibly as pissible! Be specific. This assignment is incredibly important. Thank you! A list of Year 3 revenues and
Please answer the following question as legibly as pissible! Be specific. This assignment is incredibly important. Thank you!
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 263,900 56,640 44,040 123, 800 352,200 1,872,300 726,200 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. Assum as of January 1, Year 3, and paid out $46.140 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 > 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 263.900 56,640 44,040 123,800 352,200 1,872,300 726, 200 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 $163,400 as of January 1, Year 3, and paid out $46,140 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 $163,400 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 Step by Step Solution
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