provide journal entries to record all transactions above for the year ended 30 june 2020

During the year ended 30 June 2019, the directors of Cooma Lid paid a final dividend out of retained earnings of $65,000, which had been recommended at the end of the previous financial year. They also declared and paid an interim dividend of $162,000 on 1 February 2020. The balance of the retained earnings account at 1 July 2019 was $216,000. At 30 June 2020, the ledger accounts showed that the company had made a total profit of $1,080,000 for the year. However, the directors determined that the following adjustments were still necessary to finalise the accounts. 1. Provide for an income tax liability of $324,000. 2. Recommend the payment of a final dividend of $108,000 out of retained earnings. 3. Transfer $189,000 to a general reserve and $108,000 to a plant replacement reserve