FOUR The following information relates to Sunshine Rose, a service enterprise: PRE ADJUSTED TRAIL BALANCE OF SUNSHINE ROSE AT 28 FEBRAURY 2013. Land and buildings at cost Furniture and fittings at cost Accumulated depreciation - 29/02/2012: Furniture and Fittings 15% Mortgage bond secured by land and buildings Capital: S Rose - 29/02/2012 Trade debtors Trade creditors Bank overdraft Drawings Petty cash Stationery Salaries Insurance DR CR R R 130 000 50 000 [20] 5 000 50 000 95 500 23 350 13 400 960 7 300 550 2 450 35 100 9 500 Electricity 11 000 Telephone 1 860 Fees earned 89 500 Rent income 17 500 Bank charges 750 271 860 271 860 Additional Information: 1. The Account of S Sorry, a debtor owing R200 must be written off. 2. A provision for doubtful debts at 5% on outstanding trade debtors balances still to be created. 3. Rent income amounts to R950 per month and the rental has been charged for the financial year. 4. Provide for interest for the year still outstanding on mortgage bond. 5. Provide for depreciation on furniture and fittings at 10% per annum straight line method. 6. Insurance is paid for the period 1 December 2012 to 30 April 2013. 7. Electricity account relating to usage for February 2013 was received on 09 March 2013. An amount of R1 200 was billed. REQUIRED: 4.1 Prepare the Income Statement for the year ended 29 February 2013. (16) 4.2 Prepare the Statement of Changes in Equity for the year ended 29 February 2013. (4)