Template below

Also show workings for SID and RANDY for interest on capital separately if there is

Also show workings for SID and RANDY for Salaries separately if there is

SIDRAN TRADERS
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 28 FEBRUARY 2022
Capital Accounts	SID		RANDY		Total
Balance at 28 February 2021
Changes in capital
Balance at 28 February 2022
Current Accounts	SID		RANDY		Total
Balance at 28 February 2021
Net profit for the year
Drawings
Balance at 28 February 2022

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 Sidran Traders, a partnership business wit Sid and Randy as partners. Extract from the ledger of Sidran Traders as at 28 February 2022 CREDIT DEBIT R R Capital: Sid 1 000 000 Capital: Randy 600 000 Current alc: Sid (01 March 2021) 60 000 Current alc: Randy (01 March 2021) 40 000 Drawings: Sid 300 000 Drawings: Randy 400 000 The following must be taken into account: (a) The Statement of Comprehensive Income reflected a net profit of R900 000 for the year ended 28 February 2022 (b) The partnership agreement provided for interest on capital at 12% p.a. on the balances on the capital accounts Note: Sid increased his capital contribution by R200 000 on 01 June 2021 whilst Randy decreased h capital contribution by R200 000 on 01 September 2021. The capital changes have been recorded. (C) c) The partners are entitled to the following monthly salaries from 01 March 2021 to 30 November 2021: Sid R25 000 Randy R20 000 Note: The salaries of the partners were increased by 10% with effect from 01 December 2021. (d) The balance of the profit/loss must be shared equally between Sid and Randy