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Rock Gasoline decided to implement a customer loyalty point program. For each litre of fuel sold, the customer earns one point. The points can be accumulated and redeemed later for gas, products in the store, or a car wash In May, Rock has sales of $92.000, which represents 80,000 litres. The fair value of all of the loyalty points awarded on these sales was 51.840 Required: Prepare the journal entry required to record the sales for May for Rock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Debit Credit Date May 1 92.000 General Journal Cash Sales revenue Provision for loyalty program awards 0 92.000 The 31 December 20X2 year-end trial balance for Dynamics Ltd, a private company, showed the following account balances Dr./(Cr.) Retained earnings, 31 December 20x1 Sales revenue $(8,800,000) Dividend income from investments (9,800,880) (74,000) Cost of sales 5,200,000 Impairment on discontinued plant assets, held-for-sale (before tax) 840,000 General, selling, and administrative expenses 1,870,000 Interest expense 109,098 Reduction in prior years earnings due to change in accounting policy, cumulative to 31 December 2exi (before tax) 450,000 Dividends declared, to be paid 15 January 20X3 740,000 Loss due to bankruptcy of major client 130,000 The company pays income tax at a rate of 20% DYNAS Income Statement For the year ended on 31st December, 20X2 (in thousands of Canadian dollars) 212 Total revenue Total expense from continuing operations Earnings from continuing operations before income tax Earnings before discontinued operation Discontinued operation Total expense from continuing operations Comings from continuing operations, before income tax Earnings before discontinued operation Discontinued operation: Net earnings Prepare a statement of retained earnings for the year ended 31 December 20X2. (Enter answers in thouse Canadian dollar.) DYNAMICS LTD. Statement of Retained Earings For the year ended on 31st December, 20X2 (in thousands of Canadian dollars) Retained earnings, 31 December 20X1 as originally stated Retained earnings 31 December 20X1. restated Retained earnings 31 December 20X2