1.Prepare journal entries for redemption of debentures. LO3 The situations presented below are independent. Required for each situation prepare the appropriate journal entry for the redemption of the debentures. (a) Whitewater Rafting Ltd redeemed $130000 face value, 12% debentures on 30 June 2019 at 102. The carrying amount of the debentures at the redemption date was $130000. The debentures pay half-yearly interest, and the interest payment due on 30 June 2019 has been made and recorded. (b) Coopers Ltd redeemed $180000 face value, 12.5% debentures on 30 June 2020 at 98. The carrying amount of the debentures at the redemption date was $180000. The debentures pay half-yearly interest, and the interest payment due on 30 June 2020 has been made and recorded. 2. Determine changes in retained earnings. LOS Gold Ltd had the following equity accounts at 1 July 2017: Share capital (200000 shares) $400000 General reserve 30000 Retained earnings 20000 During the year ended 30 June 2018, the following occurred: 1. A profit of $40000 was generated. 2. $8000 was transferred to the general reserve. 3. An interim dividend of 4c per share was declared and paid. 4. A final dividend of 6c per share was declared. Required Prepare a statement of the changes in retained earnings