Credits No. 100 110 130 140 150 151 200 220 - 230 Liv & Jac's Tennis Academy Pty Ltd Trual balance as at 30 June 2019 Account Name Debits Cash 36,500 Alcounts Receivable 40,100 Tennis Supplies 9,400 Prepaid Insurance 4,600 Tennis Equipment 112.000 Accumulated Depreciation Accounts Payable Interest Payable Lesson Reveme Received in Advance Salaries Payable Bank Loan (long term) - Share Capital Retained Earnings Dividends 6,400 Lesson Revenue Salaries Expense 22.000 Insurance Expense 1,600 Interest Expense 1,000 Depreciation Expense 11,200 Tennis Supplies Expense 5,200 7,500 Rent Expense $257.500 65,000 9,300 300 10,500 2,500 9.400 35.400 10,300 114,800 240 250 300 310 311 400 500 505 510 520 530 540 $257.500 Required a) Prepare a Statement of Profit and Loss (also referred to as an Income Statement) for the year ending 30 June 2019. (3 marks) b) Prepare a calculation of Retained Earings for the year ended 30 June 2019. (2 marks) c) Prepare a classified Statement of Financial Position (also referred to as a Balance Sheet) as at 30 June 2019. D Focus