On 1 January 2022, the equity of Deadwood Pty Ltd consisted of share capital of $400 000 and retained earnings of $130000. During the period, the company declared and paid a cash dividend of $35 000. The general ledger contains only two statement of financial performance accounts - Revenues and Expenses. On 31 December 2022, the balance in the Revenues account was $462 500 and the balance in the Expenses account was $431000. Required (a) Prepare closing entries. (b) Show the Retained Earnings account at the end of 2022. (c) Calculate the total equity of the company as it would appear in the statement of financial position at the end of 2022