Steele Ltd The extract from the balance sheet for Steele Ltd as at 30 June 2022 was as follows: CURRENT LIABILITIES Final Dividend Payable - Ordinary 75,000 Total ISSUED CAPITAL 1,500,000 Ordinary shares issue price $1 paid to 50 cents 750,000 1,000,000 7% preference shares issue price $1 fully paid 1,000,000: 1,750,000 General Reserve 300,000 Retained Earnings 150,000 Total 2,200,000 During the financial year ending 30 June 2023, the following transactions occurred: On 31 July 2022 the provision for final dividend on ordinary shares of $75,000 was paid. On 1 January 2023 an interim dividend of 3% on preference shares was declared and paid At 30 June 2023 the following adjustments were made: General reserve increased by $ 120,000. A final dividend on preference shares was declared; and The directors declared and made a provision for final dividend of 8 cents per ordinary share. NOTE: The Company's before tax profit for the year ending 30 June 2023 was $450,000. Income Tax to be provided $50,000. REQUIRED: Prepare a Retained Earnings Ledger account for the year ended 30 June 2023. REQUIRED Retained Earnings Account Date Account Debit Date Account Credit $