Golden Pineapples Pty Ltd had the following assets and liabilities at financial year end:

31 December 201931 December 2020 $$Assets Cash on hand72,30063,800Accounts receivable69,20061,900Inventory83,70067,300Buildings and equipment (net)331,300370,500Liabilities and equity Accounts payable55,70045,000Dividends payable15,80031,400Income tax payable23,90031,200Bank loan208,500164,000Share capital209,200231,900Retained earnings??

a. Prepare the balance sheet for Golden Pineapples Pty Ltd as at 31 December 2020.

b. If the company reported profit after tax of $21,000 for the year ended 31 December 2020 what amount (if any) of dividends were declared during the year?