21_ACC2B (1) - Protected View - Saved to this PC- Search References Mailings Review View Help QUESTION 1 (35 MAR (53 MINUT Exor Ltd manufactures and distributes printing equipment. The company is based in the north uburbs of Johannesburg. You are provided with the following information for the reporting per ended 30 June 2020 Note Retained earnings Ordinary share capital 15% Non-redeemable preference shals 12% Redeemable preference shares 2 3 R 5 350 325 9 000 000 360 000 750 000 Additional Notes: 1 Exor Ltd's authorised and issued share capital on 01 July 2020 consists of the following: Authorised share capital 4 000 000 ordinary shares 500 000 15% non-redeemable preference shares 150 000 12% redeemable preference shares Issued share capital 1 800 000 ordinary shares issued at R5 per share 180 000 15% non-redeemable preference shares issued at R2 each 150 000 12% redeemable preference shares issued at R5 each 2. An additional 750 000 ordinary shares were issued on 01 September 2020 to fund construction of a new factory. Costs incurred to issue the shares amounted to R72 Proceeds from the issue amounted R3 750 000 3. 80 000 15% non-redeemable preference shares were also issued on 1 March 2021 to fund construction of the factory. R160 000 was received from this issue. Costs incurred to issue preference shares amounted to R5 410. 4 At a meeting of the board of directors on 01 May 2021 the following took place based on management accounts produced: gi Cop vangs he is unsure how to account for this oversite for the previous year. The comp depreciates its own printers at 15% per annum on the straight line method. Page 4 of 9 2021): ACCOUNTANCY IIB STION 1 (CONTINUED) Profit for the period amounted to R1 235 340 before any of the above were taken into accoun Assume a tax rate of 28%. UIRED: Prepare the Statement of Changes in Equity for Exor Ltd for the reporting period ended 3 June 2021 (25 Disclose the following notes to the financial statements of Exor Ltd for the reporting perio ended 30 June 2021 (4 Change in accounting estimate Prior period error (G (35 o P ) PO