You have been provided with the Unadjusted Trial Balance for Drummond Ltd. as at June 30, 2019. The company uses the periodic system for inventory management. All sales revenue is recorded on credit, no cash sales are made by the company. There are four (4) parts to this question including PART A: General Journal entries, PART B: Classified Income Statement, PART C: Equity ledger account closing balance calculation and PART D: Classified Balance sheet. DRUMMOND LTD Unadjusted Trial Balance as at 30 June 2019 Account Debit Credit $960 000 260 000 72 000 30 000 24 800 60 300 450 000 36 000 38 800 1 157 200 115 400 Share capital (960 000 shares fully paid) General reserve Retained earnings Revaluation surplus Current tax liability Accounts payable Debentures Bank overdraft (current) Other liabilities (current) Land $480 000 Buildings 828 000 Accumulated depreciation - buildings Office equipment 192 000 Accumulated depreciation - office equip. Delivery vehicle 84 000 Accounts receivable 87 200 Allowance for Doubtful debts Inventory (1 July 2018) 288 000 Investments 190 000 Prepaid insurance 10 000 Sales Interest revenue Purchases 298 000 Sales returns and allowances 2 600 Purchases returns and allowances Freight inwards 12 900 Freight outwards 10 800 Wages expense 128 200 Interest expense 12 250 Advertising expense 37 000 Income tax expense 24 800 Administrative expenses 120.750 $2 806 500 2 500 589 900 7 200 2 400 $2 806 500 PARTC 5 marks Required: Prepare the Retained Earnings account to determine the final balance for the year ending 30 June, 2019 taking into account relevant journal entries from Part A. Retained Earnings