ABC Limited was formed a few years ago. ABC used the allowance method to measure its bad debts. Selected accounts and their balances at 30 June 2018 were as follows: Accounts receivable $70 000 Less: Allowance for doubtful debts 130 $ 200 000 Building Less: Accumulated Depreciation_building 45 000 Goodwill $ 120 000 Share Capital: 2 000 000 ordinary shares, fully paid $21 000 000 Retained earnings (accumulated losses) 60 000 From 1 July 2018 to 30 June 2019 the company completed the following selected transactions. ABC Limited accounting year ends on 30 June 2018 July 1 Sold goods to Kmart, receiving a $40 000, 9-month, 9% bill. The cost of sales was $20 000 July 28 Sales on account were $80 000; 3% of sales were estimated to be uncollectable, and estimated warranty expense was 4% of sales (For simplicity, Ignore the cost of sales for this transaction). 2019 March 28 Write-offs of accounts receivable totaled $2700. April 1 Kmart dishonoured its bill May 08 Issued 1,000 ordinary shares to acquire land with a cost of $8000, the shares were traded at $12 per share on that date. June 30 Aging of receivables indicates that $2200 of the total receivables was bad. June 30 The value of the goodwill was determined to be $150 000 June 30 The Building had a recoverable amount of $120 000. The building was depreciated on a straight-line basic with 40-year expected life and no residual value. Required: Calculate the following for ABC Limited: 1. The balance of accounts receivable on June 30, 2019: 2. The total bad debts expenses incurred during this accounting year: 3. The balance of ordinary shares on June 30, 2019: 4. The balance of retained earnings on June 30, 2019: 5. The total depreciation expense incurred during this accounting year: 6. The total sales revenue earned during this accounting year