Statement of Change in Equity

Dear Sir, I have a question concerning Question 376 F3 Kaplan Kit Extracts from the accounting records of Andratx Co relating to the year ended 31 December 2006 are as follows Revaluation Surplus $230,000 Ordinary interim divide paid $12000 Profit before tax $178000 Estimated tax liability for year $45000 8% $1Preference share $100,000 Under provision for tax in previous year$5,600 Proceeds of issue of 2000 $1 ordinary shares $5000 Final ordinary dividend proposed $30,000 The correct answer is $350,400. This answer does not account for the final dividend proposed. I assume that the final dividend was declared within the year end, therefore a double entry of Dr RE/Cr Dividend payable was created. That means there should be a further deduction of $3000 in the RE and the answer should be $312,400. I am looking forward to your explanation. Thank you!!!