Question: REQUIRED Use the information provided below to prepare the Statement of Changes in Equity for the year ended 28 February 2022. INFORMATION The information given

 REQUIRED Use the information provided below to prepare the Statement of
Changes in Equity for the year ended 28 February 2022. INFORMATION The

REQUIRED Use the information provided below to prepare the Statement of Changes in Equity for the year ended 28 February 2022. INFORMATION The information given below was extracted from the accounting records of Clainood Traders, a partreship business with Claire and Woody as partners. Balances in the ledger as at 28 February 2022 The following must be considered: (a) The net profit for the financial year ended 28 February 2022 amount 9 to R 290000 . (b) The partnership agreement makes provision for the following: - Interest on capital must be provided at 15% per annum on the baiances in the capital accounts. Note Claire increased her captal by R100 000 on 01 September 2021 . On the same date, Woody decroased his capital by R100 000 . The capital changes have been recorded. The parthers are entied to the following menthy salaries: Claire R7.000 Woody R6 000 Note: The partiers' salaries were increased by 12% with effect from 01 Novernber 2021 . - Claire is entited to a bonus equal to 80% of ther salary for February 2022. - Clare and Woody share the remaining proft or loss equaly

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