PSA10.6 Prepare journal entries, determine changes in retained earnings and calculate dividend payout. LO5, 7, 8, 9 Rocky Ltd had the following equity accounts at 1 April 2018. Share capital (50 000 shares) $100 000 Retained eamings 60 000 The following occurred during the year ended 31 March 2019. 2018 Sept. 30 Rocky Ltd declared an interim share dividend of $0.30 per share. The assigned value of each share was $2. Shares were issued as dividends. Oct. 10 2019 Mar. 31 A final cash dividend of $0.30 per share was declared. Profit for the year was $30 000. There were no other transactions or events affecting equity accounts. Required a. Prepare journal entries to record the dividends. b. Prepare a statement showing the change in retained earnings for the year. c. Calculate the dividend payout. d. By how much did equity change during the period