Question BI Below is the unadjusted trial balance of Johnson Corporation as at 31 December 2019: Johnson Corporation Unadjusted Trial Balance 31 December 2019 Debit Credit S Cash W WW966.525 Office supplies 10.500 Accounts receivable 477.750 Prepaid rent 67,725 Equipment 131,250 Accumulated depreciation: 13,650 Land and building 2.586,150 Accounts payable 68.250 Dividend payable 57.750 Ordinary share capital (par value $5 per share 3,000,000 Share premium 75,000 Treasury shares (acquired at $11 each) 404.250 Retained earnings 378,000 Dividends S O LLI574750 Service revenues NAS A 1,755,000 Operating expenses W 645.750 TOTAL 5,347.6505,347,650 Johnson Corporation closes its books annually on 31 December. It keeps only ONE share premium account to record any related transactions. After preparing the above unadjusted Trial Balance, the accountant of Johnson found that he had omitted the following transactions: 1. I December - issued 1,000, 5% preference shares of $100 par value at a price of $105 per share. 2. 5 December - sold 11,000 of its treasury shares at S 10 per share 3. 20 December - sold 15,000 of its treasury shares at $12 per share 4. On 31 December, the Board of Directors declared to pay a final dividend of $0.2 per ordinary share. All dividends that Johnson owed to its shareholders were paid out on the same day Page 5 of 5 Question Bl (continued) Required: tal Journalize the above transactions. No explanation is required. b) What is the balance of Retained Earnings after the 2019 year-end closing? marks)