BayWalk Ltd has prepared the following trial balance as at March 31, 2021: DR CR 88,200 296.000 375,000 55,700 56,300 68,200 39.700 27,400 344,000 6.800 9,200 52,000 DETAILS Creditors Motor vehicle 2% Preference share capital @ $1.50 Closing stock Office expenses Provision for depreciation on equipment Management fees General reserves Land Debenture interest Mortgage interest Provision for depreciation on building Retained eamings 6% Loan Commission received Sales Provision for depreciation on motor vehicle Staff costs Cost of sales 4. Debanture Building Goodwill Ordinary share capital @ 80.60 Debtors 7. Mortgage Equipment Interim ordinar shares dividend 7.900 212,000 39.000 1.556,200 74.900 71.100 1.130.600 238.000 592.000 206.000 318.000 22.000 231.000 492.000 17,600 3:316.000 3.346.000 Additional notes: Depreciation is to be charged an the building and the motor vehicle at 6% and 8% respectively on the reducing balance, and 15% straight line for the equipment Goodwill should be written down by 30% Office expenses is owing by $15,300, while staff costs is prepaid by 56,800 Commission is prepaid by $4.900 The following items of expense should be apportioned as follows: Expense Office expenses Staff costs Management fees Depreciation charges Admin 25% 60% 80% 70% Sell & Dist. 75% 40% 20% 30% Corporation tax is estimated at $28,400 Transfer $57,000 from profits to the general reserves There was a new issue of 80,000 ordinary shares at par value, the amount collected per share was $0.78 The full preference shares dividend will be honoured REQUIRED: Assuming BayWalk Lid made a profit before interest and tax of $98,412, prepare their statement of changes in equity for the year All relevant notes/workings MUST be shown