OmegaIndustries Inc. has a trading profit for the year ended 31 December 2023, before dealing with the following items, of $90,000. You are to complete the profit and loss account and appropriation account.

Item	Details
a	The standard rate of income tax is 26%.
b	OmegaIndustries Inc. had $55,000 of 10% debentures. It sent cheques for debenture interest for the year less income tax, on 31 December 2023.
c	OmegaIndustries Inc. had bought $25,000 of 12% debentures in another company. It received a year's interest, less income tax, on 30 December 2023.
d	No cheque has been paid to the Inland Revenue for income tax.
e	OmegaIndustries Inc. had bought 35,000 ordinary shares of $1 each in AlphaIndustries Ltd. AlphaIndustries Ltd paid a dividend to OmegaIndustries Inc. of 25% on 30 November 2023. AlphaIndustries Ltd is a 'related company'.
f	OmegaIndustries Inc. had a liability for corporation tax, based on profits for 2023, of $45,000.
g	OmegaIndustries Inc. proposed a dividend of 32% on its 120,000 ordinary shares of $1 each, out of the profits for 2023.
h	Transfer $9,000 to general reserve.
i	Unappropriated profits brought forward from last year amounted to $15,000.

Requirement: Complete the profit and loss account and appropriation account for OmegaIndustries Inc. and prepare a reconciliation of retained earnings.