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REQUIRED Use the information provided below to prepare the Statement of Changes in Equily of Surray Traders for the vear ended 28 Februarv 2023 .

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REQUIRED Use the information provided below to prepare the Statement of Changes in Equily of Surray Traders for the vear ended 28 Februarv 2023 . The following must be considered: (a) On 28 February 2023 the Statement of Comprehensive income refected a net profit of R1 400000. (b) The partners are entfled to interest at 15% p.a. on their capial balances. Note: Raymond decreased his capital contribution by R200 000 on 31 August 2022 whilst Sunny increased his capital balance by the same amount on 01 December 2022 . These caplal changes have been recorded. (c) The parthers are entited to the following monthly salaries: Sunny R25 000 Raymond R20 000 (d) Raymond is enteted to a bonus equal to 10% of his amual salary. (e) The remaining profitshortall must be shared between Sumn and Raymond in the ratio of the capital balances as at the beginning of the financial year

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