QUESTION ONE [30] Michael and Pumela are partners in MP Stationers. The list of balances as at 30 June 2021, before additional information was taken into account, is as follows: Additional information: 1. On 1 July 2020 Michael increased his capital to R150 000. The increase was charged to the payables account in error. 2. Michael earns a salary of R5 000 per month while Pumela earns R6 500 per month. 3. The total salaries paid to Pumela was incorrectly recorded in the debtors control account. The salaries paid to Michael was correctly accounted. 4. Interest of 14% per year must be provided for on the capital. 5. Interest on current accounts must be provided at 8% per year on the opening balances. 6. Interest of 5% is charged on the drawings. 7. The partners share profits and losses in the ratio of capital contributed at the start of the financial year