Answer ALL questions.

$(100$ MARKS$)$

QUESTION $1$

$(20$ Marks$)$

REQUIRED

Prepare the Statement of Comprehensive Income of Ryobi Traders for the year ended $29$ February $2024.$

INFORMATION

$\backslash$table$[[$RYOBI TRADERS$],[$PRE$-$ADJUSTMENT TRIAL BALANCE AS AT $29$ FEBRUARY $2024],[,$Debit $($R$),$Credit $($R$)],[$Balance sheet accounts section$],[$Capital$,,481400],[$Drawings$,228000,],[$Vehicles at cost$,560000,],[$Equipment at cost$,340000,],[$Accumulated depreciation on vehicles,,$276000],[$Accumulated depreciation on equipment,,$108000],[$Trading inventory,$208000,],[$Debtors control,$98000,],[$Provision for bad debts,,$13200],[$Bank$,71600,],[$Creditors control,,$123000],[$Loan: Mi Bank $(16\%$ p$.$a$.),,210000],[$Nominal accounts section$],[$Sales$,,1484000],[$Cost of sales,$720000,],[$Sales returns,$10000,],[$Salaries and wages,$258000,],[$Motor expenses,$52000,],[$Electricity and water,$38000,],[$Insurance$,14000,],[$Bad debts,$2000,],[$Stationery$,6000,]]$