Answer ALL questions in this paper. QUESTION 1 REQUIRED Use the information provided below to prepare the Statement of Comprehensive Income for the year ended 28 February 2023. INFORMATION FIESTA TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2023 Balance Sheet accounts section Capital Drawings Land and buildings Vehicles at cost Equipment at cost Accumulated depreciation on vehicles Accumulated depreciation on equipment Fixed deposit: Rio Bank (10% p.a.) Trading inventory Debtors control Provision for bad debts Bank Cash float Creditors control Mortgage loan: Rio Bank (12% p.a.) Nominal accounts section Sales Cost of sales Sales returns Salaries and wages Bad debts Stationery Rates and taxes Motor expenses Repairs to building Telephone Electricity and water Bank charges Insurance Interest on mortgage loan Interest on fixed deposit Rent income Debit (R) 160 000 1 800 000 1 360 000 1 000 000 300 000 230 000 260 000 134 000 12 000 960 000 20 000 838 000 24 000 40 000 116 000 180 000 34 000 76 000 92 000 16 000 40 000 66 000 [100 MARKS] (20 MARKS) 7 758 000 Credit (R) 2 520 000 760 000 320 000 16 000 220 000 640 000 3 000 000 12 000 270 000 7 758 000

Answer ALL quastlone in this paper: [100 Mariks] OUESTION 1 no varucs: 28 Febraty 207