THREE [20] Kane and Abel are in partnership sharing profits and losses in the ratio of 1:1. The following relates to their business Two Wheels whereby they sell motor bikes. Their dealership is popular with many motor-bike enthusiasts. The list of balances at 28 February 2022 before relevant additional information was taken into account is as follows: Capital: Kane Capital; Abel R 400 000 600 000 Current account - Kane (1 March 2021) - Debit 44 000 Current account - Abel (1 March 2021) - Credit 130 000 Drawings - Kane 90 900 Drawings - Abel 87 960 Profit and loss account - profit for the year 1 084 800 Additional information: 1 2 2.1 On 1 September 2021, Abel contributed a further R100 000 as capital into the partnership. The transaction has been recorded correctly. The partnership agreement stipulates the following: Partners are entitled to salaries as follows: Kane is entitled to R18 000 per month. From 1 December 2020 his salary must be increased to R20 000 per month, Abel is entitled to a salary of R14 000 per month. 2.2 Interest on capital must be provided at 12% per year. 2.3 Interest on current accounts must be provided at 5% per year on current account balances at the beginning of the year (1 March). 2.4 2.5 3 Kane is entitled to a bonus equal to 10% of the profit for the year before any appropriation is made in terms of the partnership agreement. Kane and Abel share profits and losses equally. During the year R144 000 and R96 000 were paid as salaries to Kane and Abel respectively. These amounts were credited to the bank account but incorrectly debited to the debtors' control account. Correction is required. Required: Prepare a statement of changes in equity for the year ended 28 February 2022 for Two Wheels that is appropriate to the business of the partnership. You may omit the total column in the Current account section. Show all workings. Use the following format: (include identifying features): Capital accounts: Balance at Changes in contribution Balance at Kane - R Abel - R Total - R Kane Current Accounts: R Abel R Appropriation R Balance at Profit for the year Appropriations: Salaries Interest on capital Interest on current a/c Bonus Remaining profit Share of profits Drawings Balance at