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REQUIRED Use the information provided below to prepare the Stalement of Changes in Equily of Sunray Traders for the year ended 28 February 2023 INFORMATION

REQUIRED Use the information provided below to prepare the Stalement of Changes in Equily of Sunray Traders for the year ended 28 February 2023 INFORMATION EXTRACT FROM THE LEDGER OF SUNRAY TRADERS AS AT 28 FEBRUARY 2023 Debit Gredit R R Capital: Sunny 600000 Capital Raymond 400000 Current alc: Sunny (01 March 2022) 100000 Current a/c: Raymond (01 March 2022) 60000 Drawings: Sunny 500000 Drawings: Raymond 700000 The following must be considered: (a) On 28 February 2023 the Statement of Comprehensive Income reflected a net profit of R1 400000 (b) The partners are entitled to interest at 15% p.a. on their capital balances. Note. Raymond decreased his capital contribution by R200 000 on 31 August 2022 whilst Sunny increased his

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