Gold Ltd had the following equity accounts at 1 July 2014: Share capital (180,000 shares) $360,000 General reserve 30,700 Retained earnings 20,700 During the year ended 30 June 2015, the following occurred: 1. A profit of $ 41,900 was generated. 2. $ 7,700 was transferred to the general reserve. 3. An interim dividend of 3c per share was declared and paid. 4. A final dividend of 6c per share was declared. Gold Ltd Statement of changes in retained earnings for the year ended 30 June 2015 $