(20) QUESTION 3 The information given below was extracted from the accounting records of Casper Limited, a partnership business with Bruce and Lee as partners. INFORMATION Extract from the ledger of Casper Limited on 30 June 2020: Capital: Bruce Capital: Lee Current a/c: Bruce (01 July 2019) Current a/c: Lee (01 July 2019) Drawings: Bruce Drawings: Lee R 400 000 300 000 45 000 42 000 95 000 110 000 CR DR The following must be taken into account: 1. On 30 June 2020 the Profit and Loss account reflected a net profit of R940 000 2. Partners are entitled to interest at 14% p.a. on their capital balances. Note: Bruce decreased his capital contribution by R90 000 on 01 July 2019. This capital decrease has been recorded. 3. Partners are entitled to the following monthly salaries: Bruce R13 000 for the first ten months of the financial year and R15 000 for the next two months. Lee R10 000 per month throughout the year. . 4. Partner Lee is entitled to a bonus equal to 10% of the net profit before any of the above appropriations have been taken into account. 5. The remaining profit/shortfall must be shared equally between Bruce and Lee. REQUIRED Prepare the Statement of Changes in Equity for the year ended 30 June 2020. (20)