The following partial information from the accounting records of Kendall Roman Co. as at December 31, 2020, the end of company's fiscal year, has been collected: Accounts receivable (Balance at Dec 31, 2020) $60010 Accumulated Depreciation-Furniture(Balance at January 1, 2020) $50080 Cash (Balance at Dec 31, 2020) $20060 Common Stock (Balance at January 1, 2020) $40210 Cost of Goods Sold (of the year 2020)_ $250960 Earnings before interest and taxes (of the year 2020) $180360 Furniture (Balance at January 1, 2020) $160020 Inventory (Balance at Dec 31, 2020_Unadjusted) $45420 Loan (Balance at Jan 01, 2020) $80060 $90230 $60240 $4060 Net Income (of the year 2020) Retained Earnings (Balance at January 1, 2020) Supplies (Balance at Dec 31, 2020_Unadjusted)_ Additional Information a.At the end of the year, Supplies actually on hand is $2240. b.Depreciation @ 10% is to be charged on Furniture using the reducing-balance method. c.The company has declared 5% Cash Dividend on its Common Stock. d.The annual interest rate on the Loan is 2%. e.Physical check on December 31, 2020 reveals that inventory actually on hand is $44,800. Calculate the following using all the relevant information given above: (1) Retained Earnings Balance at the end of December 31, 2020 (1 Mark) 148459.5 148459.5 (2) Earnings Before Taxes (EBT) for the year ended December 31, 2020 (1 Mark)