The statement of financial position of Meth Ltd as at 30 June 2020 showed the following: $30,000 Equity Preference share capital, 5000 shares issued Ordinary share capital, 12000 shares issued Retained earnings 36,000 140,000 Meth Ltd completed the following transactions during the financial year ended 30 June 2021: July 1, 2020 Issued 20,000 preference shares for equipment with a market value of $120,000. July 2 Received applications for 30.000 ordinary shares, at a total issue price of $4 per share, each accompanied by an initial payment of 25% of the issue price. Allotted the 30,000 ordinary shares. July 3 A August 1 Made a call on the partly paid ordinary shares of a further $3 per share. The call was collected in full. August 15 August 28 Redeemed debentures before maturity at 105. The carrying amount of the debentures at redemption date was $500,000. August 30 Final dividend for the year ended 30 June 2020 of $0.30 per lordinary share was declared 2) Explain why Meth Ltd did not declare the final dividend for the year ended 30 June 2020 until after the reporting date of 30 June 2020