Flyer Ltd started in business on 1 April 2011. Its issued share capital was 200,000 ordinary shares of £1 each and 100,000 5 per cent preference shares of £1 each. The following information is available: l Its net profits for the first two years of business were: 2011/12 £90,200; 2012/13 £84,600. l Preference dividends were paid for each of these years, whilst ordinary dividends were proposed as 2011/12 8 per cent and 2012/13 6 per cent. l Transfers to general reserve took place: 2011/12 £20,000; 2012/13 £15,000. Draw up a statement of changes in equity for each of the years ending 31 March 2012 and 2013.