A list of Year 3 revenues and expenses for Green Thumb, Incorporated is provided below. Advertising...

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A list of Year 3 revenues and expenses for Green Thumb, Incorporated is provided below. Advertising and Promotion Expenses Income Tax Expense Interest Expense Other Expenses Other Selling & Administrative Expenses Sales Revenue Salaries and Wages Expense Required: 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 $162,100 as of January 1, Year 3, and paid out $46,010 in dividends during Year 3. $ 262,600 56,510 43,910 122,500 350,900 1,865,800 724,900 Complete this question by entering your answers in the tabs below. Required A Required B Calculate the net income for Green Thumb, Incorporated for Year 3. Net Income Required A Required B Prepare a statement of retained earnings for Green Thumb, Incorporated for Year 3. Assume the company had retained earnings of $162,100 as of January 1, Year 3, and paid out $46,010 in dividends during Year 3. GREEN THUMB, INCORPORATED Stateme+3 of Retained Earnings For the Year Ended December 31, Year 1 Retained Earnings, January 1, Year 3 Retained Earrings, December 31, Year 3 A list of Year 3 revenues and expenses for Green Thumb, Incorporated is provided below. Advertising and Promotion Expenses Income Tax Expense Interest Expense Other Expenses Other Selling & Administrative Expenses Sales Revenue Salaries and Wages Expense Required: 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 $162,100 as of January 1, Year 3, and paid out $46,010 in dividends during Year 3. $ 262,600 56,510 43,910 122,500 350,900 1,865,800 724,900 Complete this question by entering your answers in the tabs below. Required A Required B Calculate the net income for Green Thumb, Incorporated for Year 3. Net Income Required A Required B Prepare a statement of retained earnings for Green Thumb, Incorporated for Year 3. Assume the company had retained earnings of $162,100 as of January 1, Year 3, and paid out $46,010 in dividends during Year 3. GREEN THUMB, INCORPORATED Stateme+3 of Retained Earnings For the Year Ended December 31, Year 1 Retained Earnings, January 1, Year 3 Retained Earrings, December 31, Year 3

Answer rating: 100% (QA)

SOLUTION A Income statement Particulars Amount Amount Sales r... View the full answer