Dividends, tax, reserves, retained earnings During the year ended 30 June 2022, the directors of Sunshine Ltd declared and paid an interim dividend of $21 000 out of retained earnings. At the end of the year, the financial statements showed a profit (before tax) of $550 000 out of which the directors made the following reserve transfers and tax liability: Income tax expense Reserves: Plant replacement General $165 000 $51000 $105 000 The beginning balance of retained earnings (at 1 July 2021) was $25 000. Required: Prepare journal entries relating to the above transactions. IMPORTANT: Please write your number in the following format: 2560 (Do not write $2 560) (Therefore, please don't include a dollar sign ($) or any spaces or commas in the number)