Hey, I need help with this qustion for homework. If you could please solve it. Please provide the working out and follow the template. PLEASE FILL OUT THE 3 TABLES ACCORDINGLY AS THE GIVEN TEMPLATE, SO ITS EASIER TO UNDERSTAND. Thanks.

Question 3 -20 marks) 1) Directors resolved to transfer the amounts specified below from retained earnings to: contingencies reserve, $1,000,000 general reserve, $400,000. 2) Directors declared an interim dividend of $200,000 and paid within 14 days and directors recommended a final dividend of $300,000 to be paid in 3 months' time, after ratification by shareholders at the annual general meeting. Both dividends were paid out of retained earnings. Note: The beginning balance of the Retained Earnings account was $1,800,000. Required (a) Show the journal entries to record the above transaction (1 to 2) (10 marks) (b) Prepare the statement of changes in equity (10 marks) Answer (a) General Journal + Date Explanation Debit Credit (b) Statement of changes in Equity Retained Earnings Workings