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REQUIRED Use the information provided below to prepare the Statement of Changes in Equity of Sunray Traders for the year ended 28 February 2023. The

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REQUIRED Use the information provided below to prepare the Statement of Changes in Equity of Sunray Traders for the year ended 28 February 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 partners are entitted 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 capital balance by the same amount on 01 December 2022 . These capital changes have been recorded. (c) The partners are entitled to the following monthly salaries: Sunny R25 000 Raymond R20000 (d) Raymond is entited to a bonus equal to 10% of his annual salary (e) The remaining profitshortall must be shared between Sunny and Raymond in the ratio of the capital balances as at the beginfing of the financial yeat: REQUIRED Use the information provided below to prepare the Statement of Changes in Equity of Sunray Traders for the year ended 28 February 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 partners are entitted 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 capital balance by the same amount on 01 December 2022 . These capital changes have been recorded. (c) The partners are entitled to the following monthly salaries: Sunny R25 000 Raymond R20000 (d) Raymond is entited to a bonus equal to 10% of his annual salary (e) The remaining profitshortall must be shared between Sunny and Raymond in the ratio of the capital balances as at the beginfing of the financial yeat

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