QUESTION $3(15$ marks$)$

Elsie Wines $($Pty$)$ Ltd $($Elsie Wines$)$ is a wine farm in South Africa. Elsie Wines has a $30$ November financial year$-$end. You are provided with the following information about Elsie Wines for the year ended $30$ November $2024$: At the beginning of the year, the company had a share capital of R$100000$ Class A shares and a retained earnings balance of R$55000.$ During the year, the company issued additional Class A shares for R$20000$ and new Class B shares for R$60000.$ The company had a net profit of R$45780$ for the year. The directors declared a dividend of R$15250$ during the year. The owner of the company took wines for personal use at a cost price of R$5950$ from the company. Elsie Wines had an opening balance of revaluation surplus of R$65000$ on $1$ December $2023.$ During the year, the company revalued its land resulting in a revaluation loss of R$15000.$ The company did not dispose of any of its assets during the year. This was the only revaluation that took place during the year. REQUIRED: Prepare the Statement of Change in Equity of Elsie Wines $($Pty$)$ Ltd for the year ended $30$ November $2024.$ Include all necessary headings and sub$-$headings in your statement. Provide workings where necessary. Total columns are not necessary. Ignore taxation.