QUESTION THREE [30] 3.1 Tasneem and Nazreen were friends with similar hobbies. They formed a partnership with a written partnership agreement to trade in pastry and related products as Tasnazs Pastry. The following were extracted from their accounting records; Balances in the ledger at 30 June 2021 R Capital : Tas 407 000 Capital : Naz 363 000 Current account: Tas credit balance at 1 July 2020 8 052 Current account: Naz: debit balance at 1 July 2020 2 640 Drawings : Tas 88 000 Drawings : Naz 140 800 Profit for the year 438 636 Additional Information: The partnership agreement provides for the following that needs to be taken into account: 1. Partners are entitled to salaries as follows: Tas R8 000 per month, Naz R10 000 per month. 2. Interest on capital accounts are allowed at 12% per year on each partners capital on a pro-rata basis. Note the following that on 1 January 2021: Tas decreased her capital account by R27 000; and Naz increase her capital account by R17 000. 3. Interest at 10% per year is applicable to the opening balance of each partners current account. 4. Naz is entitled to an annual bonus equal to 2% of the profit for the year before any appropriation from the profit for the year. 5. The remaining profits or losses are shared equally. Page 6 of 8 Required: Prepare the statement of changes in equity for Tasnazs Pastry for the year ended 30 June 2021. You may eliminate the Total column but must include an appropriation column. Show all workings.