of DR CR 88,200 278,000 345,000 55,700 48,200 64,600 37,000 28,900 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 earnings 6% Loan Commission received Sales Provision for depreciation on motor vehicle Staff costs Cost of sales 4% Debenture Building Goodwill Ordinary share capital @ $0.60 Dators 366,000 4,700 5,900 29,000 12,100 216,000 24,500 1,556,200 73,500 68,800 1,130,600 244,000 585,000 174,000 303,000 Debenture interest Mortgage interest Provision for depreciation on building Retained earnings 6% Loan Commission received Sales Provision for depreciation on motor vehicle Staff costs Cost of sales 4% Debenture Building Goodwill Ordinary share capital @ $0.60 Debtors 7% Mortgage Equipment Interim ordinary shares dividend Bank 4,700 5,900 29,000 12,100 216,000 24,500 1,556,200 73,500 68,800 1,130,600 244,000 585,000 174,000 303,000 22,000 228.000 484,000 12.900 84,000 3.284.900 3.284,900 Additional notes: Depreciation is to be charged on the building and the motor vehicle at 6% and 8% respectively on the reducing balance, and 15% straight line for the equipment . Depreciation is to be charged on 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 prepaid by $12,800, while staff costs is owing by $8,400 Commission is prepaid by $4,300 . The following items of expense should be apportioned as follows: Expense Admin Sell & Dist. Office expenses 70% 30% Staff costs 25% 75% Management fees 60% 40% Depreciation charges 80% 20% . Corporation tax is estimated at $21,600 Transfer S45,000 from profits to the general reserves There was a new issue of 70,000 ordinary shares at par value; the amount collected per share was $0.85 . The full preference shares dividend will be honoured REQUIRED: Assuming JayWalk Ltd made a profit before interest and tax of $121,680, prepare their statement of changes in equity for the year All relevant notes/workings MUST be shown