All calculations must be shown QUESTION FOUR [20] Mat and we are partners in a business that offers the services as Top Debt Collectors. Their unes a very success and the following information was extracted from their accounting records for the year ended 28 February 2020. The statement of profit and loss and other comprehensive income has been completed and the following needs to be considered to prepare the statement of changes in equity R Balances as at 28 February 2020 Capital Mar Current account Mat (credit balance 1 March 2019) Current account: Will debit balance 1 March 2019) Drawing general Mat Drawing general we Drawings-salary Mat Drawings salary Will Profit for the year 400 000 400 000 30 000 10 000 52 400 71 600 60 000 35 000 780 000 Actional information During the current financial period Mat and Wil's capital contributions changed as follows On 31 August 2019, Mat contributed an additional R100 000 as capital and will withdrow R50 000 from his capital. These have been correctly recorded to arrive at the above capital balances Mat and Ww have a partnership agreement which includes the following relevant items: 421 Provision must be made for interest on capital at 10% per year 6 422 Interest on current account debit balances and credit balances at beginning of the year must also be recorded at 10% per year 423 Interest on drawings-general has been calculated on daily balance as follows: Mat R4 600 R5 400 4.2.4 Partners are entitled to the following salaries: Mat is entitled to a salary of R6 000 per month for the full year, Willis entitled to a salary of R7 000 per month from 1 September 2019 4.2.5 The remaining profits must be shared equally WI . Required: Prepare the statement of changes in equity for Top Debt Collectors for the year ended 28 February 2020. The statement must be presented in the following format Recommended format: Top Debt Collectors Statement of changes in equily for the year ended 28 February 2020 Mat-R Will-R Total - R Capital accounts Balance at 1 March 2019 Additions / withdrawals of capital Balance at 28 February 2020 Mat Will Appropriation R R R Current accounts Balance at 1 March 2019 Profit for the year Appropriations Interest on capital Interest on current account Interest on drawings Salaries due Share of profits 7 Drawings - general Drawings - salaries Balance at 28 February 2020