The Tumbler Corporation has the following Balances on December 31st 2019 before the following adjustment and decisions of the Board of directors of the company: Bank Rs. 2.75 Millions Common stock, @ Rs.10 Rs. 0. 5 Millions 7% preferred stock@ Rs100 Rs. 1 Millions 9% Bonds of Rs. 1000 each Rs. 2 Millions On December 31 the P/L summary of the company showed a credit balance of Rs. 400,000 and a debit balance of retained earnings of Rs. 26,000. On that date the Board of directors made the following decisions: Declared Rs. 2.5/- per share Cash dividends and 5 % stock dividend to common stock holders Reserve for contingencies Rs 60,000 and for plant extension Rs. 64,000. 30% Cash dividend warrants were found outstanding and the rest were debited from the companys bank account. The rest of all types of dividends were fully paid. Coupon on Bonds were paid and also paid fully. The preferred share holders were paid normal dividend in cash. Required: What is the closing Balance of Retained earning amount after the above adjustments? What is the Balance of Bank at the end of the above adjustments? Give all necessary General entries of the above. What is the amount of closing balance of Retained Earning account? Prepare Statement of Retained earning Prepare the Partial Balance sheet of the company after the above transactions.