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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 263.300 56,580 43,980 123,200 351.600 1,869,300 725,600 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 l b. Prepare a statement of retained earnings for Green Thumb, Inc. for Year 3 Assume the company had retained earnings of $162,800 as of January 1. Year 3, and paid out $48.080 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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