QUESTION FOUR [25] The information below was extracted from the accounting records of Happy Wholesalers, a partnership with M Noha and T Mora sharing profits and losses equally. Balances extracted from the general ledger as at 31 December 2018 R Bank balance 236 600 Capital: M Noha M 700 000 Capital: T Mora 700 000 Current account: M Noha-credit balance 14 640 Currant account: T Mora-debit balance 4 800 Dr Drawings: M Noha 160 000 Drawings: T Mora 256 000 Profit and loss account: profit for the year 997 520 Additional Information: The partnership agreement provides for the following which must be taken into account: 1. Interest on capital at 15% per year is allowed on the capital balances. Note that the following took place on 1 July 2018: M Noha decreased his capital by R96000, and T Mora Increased his capital by R120 000. The changes have been recorded and are included in the balances as at 31 December 2018 shown in the extract above. 2. Interest at 10% per year on the opening balances of the current accounts. 3. M Noha is to receive a bonus equal to 5% of the profit for the year as calculated in the profit and loss account 4. The interest on the drawings accounts are: M Noha R$ 200 and T Mora R11 400. 4.1 Required: Prepare the statement of changes in equity for the year ended 31 December 2018 Use the following format: Capital accounts T Mora - R Balance at 1 January 2018 Changes in capital Balance at 31 December 2018 M Noha-R Total-R M Noha - R T Mora-R Appropriation-R Current accounts Balance at 1 January 2018 Profit for the year Interest on capital Interest on current account Bonus to M Noha Interest on drawings Share of profits Drawings for the year Balance at 31 December 2018 (20) 4.2 List at least 5 factors that can lead to the dissolution of a partnership