2 (20 Marka) Prepare the Statement of Changes in Equity for the year ended 28 February 2022. INFORMATION The information given below was extracted from the accounting records of Sunway Traders, a partnership business with Sunny and Raymond as partners Extract from the ledger of Sunray Traders as at 28 February 2022 Capital: Sunny Capital: Raymond Current alc: Sunny (01 March 2021) Current al: Raymond (01 March 2021) Drawings: Sunny Drawings: Raymond The following must be taken into account GREEXT DEBIT R R 1000 000 600 000 60 000 40000 300 000 400 000 (a) The Statement of Comprehensive Income reflected a net profit of R900 000 for the year ended 28 February 2022. (b) (c) The partnership agreement provided for interest on capital at 12% pa. on the balances on the capital accounts Note: Sunny increased his capital contribution by R200 000 on 01 June 2021 whilst Raymond decreased his capital contribution by F200 000 on 01 September 2021. The capital changes have been recorded. The partners are entitled to the following monthly salaries from 01 March 2021 to 30 November 2021: Sunny R25 000 Raymond R20 000 STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 28 FEBRUARY 2022 Capital Accounts Balance at 28 February 2021 Changes in capital Balance at 28 February 2022 Sunny Raymond Total Current Accounts Sunny Raymond Total Current Accounts Balance at 28 February 2021 Net profit for the year Drawings Balance at 28 February 2022 Sunny Raymond Total WORKINGS (if any) Interest on capital Sunny Salaries Raymond Sunny Raymond QUESTIONS