The equity section of the statement of financial position of Specter Ltd at 30 June 2021 discloses:

	2021
Share Capital	1,800,000
General Reserve	50,000
Revaluation Reserve	120,000
Retained Earnings	340,000

During the financial year:

• Specter Ltd issued 50,000 shares at $1 each during the year
• Profit for the year was $150,000
• Dividends paid during the year were $40,000
• A transfer of $200,000 was made from retained earnings to general reserve during the year
• Land was revalued by $400,000 during the year
• Tax rate was 30%

The balances of the equity accounts at 30 June 2022 are:

a)		Share capital $1,775,000; General Reserve $250,000; Revaluation Surplus $520,000; and Retained Earnings $250,000
b)		Share capital $1,850,000; General Reserve $50,000; Revaluation Surplus $400,000; and Retained Earnings $250,000
c)		Share capital $1,850,000; General Reserve $250,000; Revaluation Surplus $520,000; and Retained Earnings $250,000
d)		Share capital $1,850,000; General Reserve $250,000; Revaluation Surplus $400,000; and Retained Earnings $250,000