1.1 Interest on capital must be calcilated at 10% per yeart 1.2 Interest at 10% per yoar on current account balances at beginning of the yeor, 1.3 Intecest on drawings accounts balances has been colculaled as followr - Pitso R4 500 - Steve R2 500 2. The following salaries are payable to the parthers for the current year: > Pitso R12000 per month, and Steve R15000 per month. Year-end adjustments: 1. On 1 January 2022 Piso contributed anceher R90 000 as capial so the partnership, If was agreed that the amount will be included in his focod capital account. The transsction was correctly recorded as at 30 June 2022 2. Pitso granted an unsecured loan to the partnership on 1 January 2022 . According to the loan agreement, inferest will be charged at 10% per year. The loan will be fepaid in annual installments beginning 31 December 2026 . Intecest on the loan is still to be calculated and recorded in the books of the partnership. Reguired: Take the above information into account and adjust the 'Proft for the year' to show the correct amount to be shared between the partners, Pitso and Steve. Thereafter, prepare the statement of changes in equily for Topelass Pro Services for the year anded 30 June 2022 lo cleacty show the dstributon of profits in terms of the parthership agreement: Show al calculations. Use the format suggested below. Recommended format: Extract from: Statement of Proflt of loss and other comprehensive income of Mode Ltd for the year ended 30 June 2022 Exdract froen: Statement of financial position of Mode Ltd as at 20 Juine 2033 . Additional information: 1. Shares were issued for cash during the year. 2. Dividends of R180 000 were declared during the current financiai year. 3. On 31 October, machinery with a carrying amount of R110000 was sold for cash. A replacement machine as well as additional machinery was purchased for cash. 4. No long term borrowings were made during the year. 5. Investments were sold during the year. No new investments were purchased. Required: Take all the above information into account and prepare the statement of cash flows for Mode Lid for the year ended 30 June 2022. Use the indirect method. Your answer must comply with the International Financial Reporting Standards (IFRS) appropriate to this type: of business. Show all workings. Round off all workings to the nearest Rand. Topelass Pro Services Statement of changes in equily for the year ended 30 June 2022 QUESTION FOUR [25] The following information was extracted from the acoounting recocds of Mode Lto for the financial year ended 30 June 2022 QUESTION ONE [25] Pitso and Steve are partrers operating a business Topclass Pro Services. The inlormation that folowrs is relevant to the business activities of the parthership for the year ended 30 June 2022 . Piso and Steve share in profits and losses in the rato of 32 respectively. Topclass Pro Services Additional information: The following has been extracted from the patrership agreament 1. Interest must be calculated and recorded at the following rates at the end of each financial period. As interest must be processed through the cirrent accounts of the partners interest rates are as follows