Yum-Yum Limited Yum-Yum Limited was incorporated on 1 January 2018 with: An authorised ordinary share capital of R1 200 000 (600 000 shares) An authorised preference share capital of R500 000 (500 000 shares) The following balances are an extract from the records of the company on the 31 December 2019: Account name Amount (R) Net profit after tax 31 December 2019 177 000 Retained earnings 1 January 2019 55 000 Ordinary share capital 400 000 Preference share capital 250 000 Investment in Marmite Limited At cost 50 000 Receivables 50 000 Allowance for credit losses 3 000 5% long-term loan 85 000 Payables 20 100 Additional information to consider: The investment in Marmite Limited, a listed company, consists of 25 000 ordinary shares (originally purchased for R2 each). The fair value of the investment is R65 000. The company issued an additional 20 000 ordinary shares and 5 000 preference shares during the year. These shares have been included in the balances above. The following transactions are not included in the balances above: o Credit losses of R750 should be written off as irrecoverable. o The allowance for credit losses should be adjusted to 5% of outstanding receivables. o Rent of R25 000 is still accrued. Source: Klopper, J. 2020. COAGB1-B44 Supplementary/Deferred Assessment Paper Block 4 2021 | V1.0 Page 8 of 9 Required Prepare the Statement of Changes in Equity of Yum-Yum Limited for the year ended 31 December 2019. No total column is required.