i will apreciate a detailed step byy step answer

D REQUIRED: Use the information provided below to prepare the Statement of Changes in Equity for the year ended 28 February 2023. INFORMATION: The information given below was extracted from the accounting records of Miway Traders, a partnership business with Mike and Wayne as partners. The following must be considered: 1. The net profit according to the Profit and Loss account amounted to R760 000 on 28 February 2023. 2. No entry was made in the books for the following: a. Partner Wayne made available his personal vehicle worth R60000 for use in the business on 01 September 2022 and the partners agreed that this be regarded as additional capital contribution. 3. The partnership agreement made provision for the following: Interest on capital must be provided at 12% per annum on the balances in the capital accounts as reflected on 01 March 2022 . Partners are entitled to the following monthly salaries: Mike R18 000 Wayne R14 000 However, the salary of Wayne was increased by R21600 per annum with effect from 01 December 2022. Mike and Wayne share the remaining profits or losses in the ratio 3:2 respectively