QUESTIONS (20 Marks) The information given below was extracted from the accounting records of Astar Traders, a partnership business with Brian and Tan as partners REQUIRED Use the information provided to prepare the Statement of Changes in Equity for the year ended 29 February 2020 INFORMATION Extract from the ledger of Britar Traders as at 29 February 2020 Debit Credit R R Capital: Brian 900 000 Capital: Taryn 600 000 Current ac: Brian (01 March 2019) 50 000 Current alc: Tayn (01 March 2019) 30 000 Lawngs: Brian 350 000 Drawings Taryn 250 000 The following must be taken into account: 1. On 29 February 2020 the Statement of Comprehensive incomec reflected amongst others, the following Sales R1 200 000 Sales returns R50 000 Net profit R700 000 2 The partners eam interest at 12% p.a. on their captai balances. Note: Brian increased his capital balance by R100 000 on 01 September 2019 whist Taryn decreased her capital balance by R100 000 on the same date 3. The partners were entitled to the following monthly salaries from 01 March 2019 to 30 November 2019. Brian R13000 Taryn R14 000 The partners salaries were increased by 10% with elect from 01 December 2019, 4 Tayn is entitled to a special bonus equal to 10% of the net sales for the financial year 5. The remaining proftloss must be shared equally between Brian and Tayn