REQUIRED Prepare the Statement of Changes in Equity of Sinclair Traders for the year ended 28 February 2023. INFORMATION The information given below was extracted from the accounting records of Sinclair Traders, a partnership business with Sindy and Claire as partners. Extract from the ledger of Sinclair Traders as at 28 February 2023 Capital: Sindy Capital: Claire Current a/c: Sindy (01 March 2022) Current a/c: Claire (01 March 2022) Drawings: Sindy Drawings: Claire (C) Debit R (d) 50 000 250 000 350 000 The following must be considered: (a) The net profit for the year, according to the Profit and Loss account, amounted to R1 000 000. (b) The partners are entitled to interest at 15% per annum on their capital balances. On 01 December 2022 Sindy increased her capital by R200 000 whilst Claire decreased her capital by R200 000. The capital changes have been recorded. The partners are entitled to the following monthly salaries: Sindy R15 000 Claire R18 000 Claire is entitled to a bonus equal to 5% of the net profit before taking any of the above appropriations into account. (e) The balance of the profit must be shared between Sindy and Claire in the ratio of the capital balances as at the beginning of the financial year. Credit R 1 000 000 600 000 60 000