financial reporting

QUESTION 2 (20 MARKS) REQUIRED Use the information provided below to prepare the Statement of Changes in Equily of Samson Traders for the year ended 28 February 2023 . INFORMATION The information given below was extracled from the accounting recoids of Samson Traders, a partnership business with Sammy and Sorny as partners. The financial year ends on the last day of February each year. The following must be considered: (a) The net profit according to the Proft and loss acoount amounted to R1 200000 on 28 February 2023. (b) The partherstip agreement makes provision for the following: Interest on capital must be provided at 15% per annum on the balances in he capial accounts. The partners are entiled to the following monthly salaries: Sammy, R25 000 Sonny, R30 000 Sammy is entited to a special bonus equal to 10% of his amual salary. Sammy and Sonny share the remaining profits or losses in the rato of their capital balances at the end of the year