Build and Fix $($Pty$)$ Ltd $($B&F$)$ is a company that sells building material and is based in Centurion. B&F has a $31$ March financial year$-$end and is a registered VAT vendor together with all its suppliers. The applicable VAT rate is $15\%.$ B&F uses the perpetual inventory system. The financial director of B&F provided you with the following pre$-$adjustment trial balance as at $31$ March $2025$ and has requested your assistance with the year$-$end adjustments to prepare the financial statements for the financial reporting period ended $31$ March $2025.$ Note Debit Credit R R Buildings $7500000$ Accumulated depreciation: Buildings $(31/03/2024)1875000$ Vehicles at Cost $2500000$ Accumulated depreciation: Vehicles $(31/03/2024)1000000$ Financial investment $4240000$ Trade Receivables $120000$ Bank $725000$ Inventories $21425000$ Share Capital $(31/03/2024)600000$ Retained earnings $(1/04/2024)7529750$ Long$-$term loan $120000$ Trade payables $80000$ Revenue $16300000$ Cost of sales $14560000$ Interest income $418000$ Profit on sale of machinery $41000$ Rent expense $58500$ Insurance expense $380000$ Water and electricity $63250$ Salaries and wages $292000$ TOTALS $1756375017563750$ You performed a review of the accounting records of B&F and discovered that the following additional information was not included in the pre$-$adjustment trial balance provided above. Additional information: $1.$ B&F issued credit note CN$225$ for R$138000($including VAT$)$ to Receivable Mr$.$ Nhlapo for inventories that were returned on $25$ March $2025$ because the goods delivered were not according to what was ordered. The cost of the inventories returned was R$98000.2.$ The inventory system indicates that there is a batch of inventory items that were damaged and must be written off as they cannot be sold. The cost of this inventory is R$75000,$ and the inventory manager authorised the write$-$off on $31$ March $2025.3.$ On $31$ March $2025,$ insurance premiums were overpaid by R$15000.$ This amount is included in the insurance expense balance. $4.$ The interest income relates to a financial investment, which bears interest at a rate of $12\%$ per year. This investment was made on $1$ June $2024.$ The interest adjustment still needs to be recorded. $5.$ The bank statement for March $2025$ included the following balances, bank charges of R$1035$ and interest on positive bank balance of R$2500.6.$ A receivable, Mrs$.$ Buthelezi could not pay her account of R$20700.$ The credit manager gave authorisation to write off the account as a bad debt on $31$ March $2025.7.$ B&F has the following depreciation policies for the year ended $31$ March $2025$: $$ Buildings is depreciated at $5\%$ per annum on cost$.$ Vehicles are depreciated over their useful life of $5$ years. $8.$ The income tax expense for the financial year amounted to R$62940.$ REQUIRED By considering the pre$-$adjustment trial balance and the abovementioned additional information, prepare the statement of profit or loss of B&F for the financial year ended $31$ March $2025.$