LO8 E10.7 Determine changes in retained earnings. Speedy Deliveries Ltd had the following equity accounts at 1 January 2018: $150000 10000 Share capital (30 000 shares) Dividend equalisation reserve Retained earnings 34 000 During the year ended 31 December 2018, the following occurred: 1. A profit of $20 000 was generated. 2. $5000 was transferred to the dividend equalisation reserve. 3. An interim dividend of 15c per share was declared and paid. 4. A final dividend of 10c per share was declared. Required Prepare a statement of the changes in retained earnings