Part B (3 Marks) Yang Ltd had the following equity accounts at 1 July 2017. Share capital (400 000 shares) $400 000 General Reserve 50 000 Returned Earnings 30 000 During the year ended 30 June 2018, the following occurred: 1) A profit of $50 900 was generated 2) $7 000 was transferred from returned earnings to the general reserve. 3) A final dividend of 4c per share was declared. Required: Prepare a statement of the changes in retained earnings