QUESTION 3 REQUIRED Use the information provided below to prepare the following for the financial year ended 28 February Statement of Net Investment of Partners Current alc: Stan in the general ledger. Note: The partner's drawings must be translemed to his cumant account. Balance the account. INFORMATION Extract from the ledger of Stanger Traders on 28 February 2023 Capital: Stan Capital: Gerald Cument alt: Stan (01 March 2022) Cument alc: Gerald (01 March 2022) Drawings: Stan Drawings: Garald R (20 Marks) 30 000 200 000 300 000 12 marks] (8 marks) 600 000 400 000 30 000 The following must be considered: On 28 February 2023 the Statement of Comprehensive Income reflected a nel profit of R600 000. The partners are entitled to interest at 12% p.a. on their capital balances. Note: Stan increased his capital contribution by R100 000 on 01 June 2032 whilst Gerald decreased his capital balance by R100 000 on 31 August 2022. This capital changes have been recorded. The partners are entitled to the following monthly salarias: Stan R10 00D Gerald RB 000 The partners salanes were increased by 10% with effect from 01 December 2002. Stan is entitled to a bonus equal to 10% of the nel profil before any of the above appropriations have been considered. The remaining profil shortfall must be shared between Slam and Gerald in the ratio 3.2 respectively.

REQUIRED Use the information provided below to propare fhe following for the finmali year ended 28 Fetriary 2023: 3.1 Statement of Net investment of Partnes 3.2 Curtent alt: Stan in the genere lesger. Note: The patsers drawings must be (12 maks) transfered to his currert accourt. Balance the account. (s maks) INFORMATION Extract from the ledger of Stanger Traders on 28 Fabruary 2023 The following must be considered: StanR10000 Gerad Recoo haveten consiber nespectivily