Question 3 The information given below was extracted from the accounting records of Veco Traders, a partnership business with Bobby and Vincent. Required: Prepare the Statement of Changes in Equity as at: 28 February 2021. INFORMATION Balances in the ledger 28 February 2019 Debit Credit Capital: Bobby 500 000 Capital: Vincent 300 000 Current account: Bobby (1 Mar 2020) 20 000 Current account: Vincent (1 Mar 2020) 15 000 Drawings: Bobby 250 000 Drawings: Vincent 200 000Illl Additional Information 1_The net prot accordlng to the Prot and Loss account amounted to R5111] tint] on EB February 21121. 2The partnership agreement made provision for the following: 1. Interest on capital must be provided at 15% per annum on the balances In the capital Accounts from 1 March 2112!) to 31 August 2021]. With eitect from 1 September 21119 the interest rate on capital increases to 13% per annum. 2.The partners are entitled to the following monthly salaries: Bobby R11 can Vincent R1 can 3. Bobby is entitled to a bonus of 15% of the net prot before any approprlatlcns are made at. Bobby and 1ii'incent share the remaining prots or losses in the ratio 3:2 respectively. Guidelines: All answers must be typed out and working: must be showing