Measuring a restructuring provision   LO6 Tee Ltd’s directors decided on 3 May 2020 to restructure the company’s operations as follows. • Factory Z would be closed down and put on the market for sale. • 100 employees working in Factory Z would be retrenched on 31 May 2020, and would be paid their accumulated entitlements plus 3 months wages. • The remaining 20 employees working in Factory Z would be transferred to Factory X, which would continue operating. • Five head‐office staff would be retrenched on 30 June 2020, and would be paid their accumulated entitlements plus 3 months wages. As at the end of Tee Ltd’s reporting period, 30 June 2020, the following transactions and events had occurred. • Factory Z was shut down on 31 May 2020. An offer of $4 million had been received for Factory Z but there was no binding sales agreement. • The 100 retrenched employees had left and their accumulated entitlements had been paid. However, an amount of $76 000, representing a portion of the 3 months wages for the retrenched employees, had still not been paid. • Costs of $23 000 were expected to be incurred in transferring the 20 employees to their new work in Factory X. The transfer is planned for 14 July 2020. • Four of the five head‐office staff who have been retrenched have had their accumulated entitlements paid, including the 3 months wages. However, one employee, Jerry Perry, remains in order to complete administrative tasks relating to the closure of Factory Z and the transfer of staff to Factory X. Jerry is expected to stay until 31 July 2020. His salary for July will be $4000 and his retrenchment package will be $13 000, all of which will be paid on the day he leaves. He estimates that he would spend 60% of his time administering the closure of Factory Z, 30% on administering the transfer of staff to Factory X, and the remaining 10% on general administration. Required Calculate the amount of the restructuring provision recognised in Tee Ltd’s financial statements as at 30 June 2020, in accordance with AASB 137/IAS 37.