3H (i) Garf Ltd had accounts receivable at the beginning of the year of $5290. During the year, it had revenue from sales on credit of $39 620 and collected $41 080 from its customers. What was the balance of accounts receivable at the end of the year?

(ii) Garf Ltd’s net profit for this year was $2940, and it declared $900 in dividends to its shareholders during the year. Retained profits were $7410 at the beginning of the year. What is the balance of retained profits account at the end of the year?