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REQUIRED Use the infomation provided below to prepare the Statement of Changes in Equity of Sunray Traders for the year ended 28 Fibnary 2023. The
REQUIRED Use the infomation provided below to prepare the Statement of Changes in Equity of Sunray Traders for the year ended 28 Fibnary 2023. The following must be considered: (a) On 28 February 2023 the Statement of Comprehensive income reflected a net profit of R1 400000. (b) The parthers are entited to interest at 15% p.a. on ther capital balances. Note. Raymond decreased his capital contribution by R200 000 on 31 August 2022 whist Sunny increased his capial balance by the same amount on 01 December 2022 . These capital changes have been recorded. (c) The parthers are entited to the foliowing morthy selanies: Sunny R25 000 Raymone R20 000 (d) Raymond is entited to a bonus equal to 10% of his annual saliany. (e) The femaining profitshorfial must be shared between Sunny and Raymond in the rato of the capilal balances as at the beginning of the financial year
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