20) QUESTION 2 The information given below was extracted from the accounting records of Vampesy Traders, a partnership business with Vam and Pesy as partners. REQUIRED Prepare the Statement of Changes in Equity for the year ended 28 February 2018 FINANCIAL STATEMENTS OF A PARTNERSHIP INFORMATION BALANCES IN THE LEDGER ON 29 FEBRUARY 2018 DEBIT CREDIT Capital: Vam Capital Current a/c: Vam (01 March 2017) Current a/c: Pesy (01 March 2017) Drawings: Vam Drawings 400 000 300 000 40 000 20 000 250 000 150 000 The following must be taken into account: (a) The net profit according to the Profit and Loss account amounted to R500 000 on 28 February 2018. (b) The partnership agreement makes provision for the following: ' Interest on capital must be provided at 15% per annum on the balances in the capital accounts. Note: The partners increased their capital contributions by R100 000 each on 01 March 2017. The capital changes have been recorded. The partners are entitled to the following monthly salaries: R10 000 R12 000 Vam Pesy Vam is entitled to a special bonus of 10% of the net profit. Vam and Pesy share the remaining profits or losses equally