AlphaIndustries Inc. has a trading profit for the year ended 31 December 2023, before dealing with the following items, of $95,000. You are to complete the profit and loss account and appropriation account.

Item	Details
a	The standard rate of income tax is 28%.
b	AlphaIndustries Inc. had $65,000 of 9% debentures. It sent cheques for debenture interest for the year less income tax, on 31 December 2023.
c	AlphaIndustries Inc. had bought $25,000 of 11% debentures in another company. It received a year's interest, less income tax, on 30 December 2023.
d	No cheque has been paid to the Inland Revenue for income tax.
e	AlphaIndustries Inc. had bought 30,000 ordinary shares of $1 each in BetaIndustries Ltd. BetaIndustries Ltd paid a dividend to AlphaIndustries Inc. of 22% on 30 November 2023. BetaIndustries Ltd is a 'related company'.
f	AlphaIndustries Inc. had a liability for corporation tax, based on profits for 2023, of $42,000.
g	AlphaIndustries Inc. proposed a dividend of 30% on its 120,000 ordinary shares of $1 each, out of the profits for 2023.
h	Transfer $7,500 to general reserve.
i	Unappropriated profits brought forward from last year amounted to $13,000.

Requirement: Complete the profit and loss account and appropriation account for AlphaIndustries Inc. and prepare a retained earnings reconciliation.