Sphenge and Fanezi are the only members of Bayafanelwa Travel CC. They have an equal interest in the corporation and distribute profits accordingly The following information is extracted from the accounting records of the CC as at 28 Februan,' 2018, the financial year-end of the corporation. Member's contribution: Sphenge_ Member's contribution: Fanezi _ Retained eamings (1 March 2017) _ Loan from member: Sphenge (1 March 2017)__ Loan to member: Fanezi Inventory (1 March 2017). Trade receivables control. Trade payables control.. _ Bank (Or) Sales Investment (Lion Ltd) Interim profit distribution paid to members.. Income received in advance . Prepaid expenses _ Rental income... Purchases__ Administrative, distribution and other expenses _ Settlement discount on sales _ SARS (Income tax) (Dr) 80 ooo 60 ooo 285 817 46 goo 35 250 33 006 45 900 252 050 36 200 552 262 130 ooo 40 ooo 7 330 5 500 36 650 300 ogo 57 900 5 700 36 348