SuperElectronics Limited Adjusted Trial Balance As at 30 June 2020 Debit Credit $ $ Cash 87,000 89,000 4,300 4,000 218,000 64,000 38,000 Accounts receivable Allowance for Doubtful debts Supplies Plant & Equipment Accumulated depreciation Accounts Payable Wages Payable Loan payable (not due until 2025) Share capital Retained Earnings Dividends paid Sales Revenue 11,500 50,000 100,000 105,250 10,000 368,000 1.120 2,460 19,680 Interest revenue Doubtful debts expense Depreciation expense Rent & utilities expense Wages and Salaries expense Advertising expense Interest expense Totals 19.230 281,000 9,300 2.500 742, 170 742,170 Required (a) Prepare the Statement of Profit or loss (Income Statement) for the year ending 30 June 2020. (4 marks) (b) Prepare the calculation of Retained Earnings for the year ending 30 June 2020 (4 marks)