DEF Ltd began trading on 1 April 2019, preparing financial statements to 31 March each year. During 2022-23, the company decided to change its accounting policy with regard to the depreciation of property, plant and equipment. Depreciation charges calculated using the previous accounting policy and shown in the company's financial statement for the first three years of trading were as follows: Year to 31 March 2020460 Ycar to 31 March 2021 540 Ycar to 31 March 2022580 If the new accounting policy had been applied in the previous years, depreciation charges would have been: Year to 31 March 2020780 Ycar to 31 March 2021620 Year to 31 March 2022460 An extract from the company's statement of profit or loss for the year ended to 31 March 2023 (before adjusting comparative figures to reflect the change in accounting policy) shown the following: Retained earnings were reported as $5.886 million on 31 March 2021. No dividends have been paid in any year. It is assumed that the company's tax expenses is always equal to 30% of the profit before taxation. Required . Rewrite the extract from the statement of profit or loss so as to reflect the change in accounting policy in accordance with the requirement of HKAS 8 . (5 marks) ii. Compute the company's retained earnings as at 31 March 2023 and the restated retained earnings at 31 March 2021 and 2022. (7 marks)