balance at $31$ December $2022$:

Ordinary Shares R$20000$

Retained earnings R$32000$

Revaluation surplus:PPE R$100000$

$**$Represented by $100000$ issued shares.

The following transactions occurred during Blue Dot $($Pty$)$ Ltd$\text{'}$s $2023$ financial year:

The company realised a profit before tax of R$27000$ and a total comprehensive income of R$29000.$ You can assume that the total amount relating to other comprehensive income is attributable to the revaluation of assets.

The company had a tax expense of R$8000.$

An interim dividend of $50$ cents per share was declared and paid on $30$ June $2023.$

On $1$ August $2023,$ the company issued a further $5000$ shares at $R1$ each.

A final dividend of $25$ cents per share was declared by the directors on $31$ December $2023.$

Due to the sale of one of the company's revalued assets, R$50000$ of the revaluation surplus was transferred to retained eamings.

An error affecting the $2022$ financial year was picked up and the effect of the error is that the opening retained earnings for $2023$ had to decrease with R$120000.$

You can assume that these are the only transactions that occurred which had an effect on the elements included in the statement of changes in equity and you can further assume that the elements listed above are the only elements that make up the equity of Blue Dot $($Pty$)$ Ltd$.$

REQUIRED:

Prepare the Statement of Change in Equity of Blue Dot $($Pty$)$ Ltd for the year ended $31$ December $2023$ in compliance with the requirements of International Financial Reporting Standards.

All amounts should be rounded to the nearest Rand. Show all calculations clearly.

Comparative figures and a Total column to your statement are not required.

$(24$ marks$)$

$2\mathrm{.}2)$ Based on the Statement of Changes in Equity that you prepared in $2\mathrm{.}1,$ briefly discuss any ethical concerns that you may have with regard to the dividends declared by Blue Dot $($Pty$)$ Ltd during the $31$ December $2023$ financial year.

$(2$ marks$)$