Festo Limited, a manufacturing company dealing in specialised components in aeronautics industry. The company has been profitable since inception 15 year ago. The company has a 31 July year-end. An Extract from the statement of financial position as at 31 July 2019 is as follows: Ordinary share capital 1 800 000   12% Preference shares, non-cumulative 500 000   Revaluation surplus 100 000   Retained income 9 500 000   11 900 000   2021 2020 Profit for the year 1 100 000 930 000 OCI Revaluation surplus- net of tax 50 000 0 Total comprehensive income 1 150 000 930 000   Discussions with the company secretary reveal the following: 1.      Ordinary share capital 1.1. The ordinary share capital issued at 1 August 2019 consisted of 1 800 000 shares of no par value. The authorised share capital has remained unchanged at 5 000 000 since incorporation. Directors have no restrictions to issue unissued authorised share capital 1.2. On 1 November 2019, 400 000 additional shares were issued at R1.80. The share issue costs for this issue amounted to R20 000, these expenses are not deductible for tax purposes. 1.3. On 1 April 2020, the directors authorise a capitalisation issue of 1 for every 4 held at the current share market price of R1.60. Directors wish to maintain maximum possible distributable earnings on the retained earnings account. 1.4. An ordinary dividend of R0.05 per share was declared on 30 June 2021. No ordinary dividend was declared in respect of the financial year ending July 31, 2020. 2.     Preference share capital: 2.1. Preference shares are not redeemable 2.2. Preference share capital at 1 August 2019 consisted of 200 000 shares of no par value. All the authorised preference share capital has been issued 2.3. Preference share dividends were paid on 10 January in both years. You are required to: a.     Prepare the statement of changes in equity for year ended 31 July 2021 in accordance with the international financial reporting standards.   b.     Prepare the share capital note for the year ended 31 July 2021 in accordance with IFRS. Comparatives are required.​