Study the scenario and complete the questions that follow: Lugdienste Ltd STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2016 Additional information: 1. On 1 January 2016, Lugdienste Ltd issued ordinary shares, for which the new shareholders transferred the following consideration (not included in statement of financial position above): 2. Long-term borrowings consist of: 3. During the 2016 financial year, equipment with a carrying amount of R3 200000 was sold and was replaced with new equipment. The new equipment was purchased for cash. 4. On 31 December 2018, Lugdienste Ltd purchased ordinary shares in Lugdinamika Ltd, to be held as an investment and paid for it as follows: Required: Note to Student: - Comparative figures are not required. - Use the direct method. - Show all your calculations as marks are awarded for calculations. - Ignore deferred tax Study the scenario and complete the questions that follow: Lugdienste Ltd STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2016 Additional information: 1. On 1 January 2016, Lugdienste Ltd issued ordinary shares, for which the new shareholders transferred the following consideration (not included in statement of financial position above): 2. Long-term borrowings consist of: 3. During the 2016 financial year, equipment with a carrying amount of R3 200000 was sold and was replaced with new equipment. The new equipment was purchased for cash. 4. On 31 December 2018, Lugdienste Ltd purchased ordinary shares in Lugdinamika Ltd, to be held as an investment and paid for it as follows: Required: Note to Student: - Comparative figures are not required. - Use the direct method. - Show all your calculations as marks are awarded for calculations. - Ignore deferred tax