Question: I need help with this question urgently please QUESTION 1 (20 MARKS) REQUIRED Use the informstion provided below to prepare the Stalement of Comprehensive income

I need help with this question urgently please  I need help with this question urgently please QUESTION 1 (20
MARKS) REQUIRED Use the informstion provided below to prepare the Stalement of

QUESTION 1 (20 MARKS) REQUIRED Use the informstion provided below to prepare the Stalement of Comprehensive income for the year ended 28 February 2023. INFORMATION Adfustments and sdditional information 1. Stocktaking on 28 February 2023 revealed the following inventories: 1.1. Trading invenlory R220 000 1.2 Stationery R4 000 2. The telephone account for February 2023 , R6 000, was due to be paid on 01 March 2023. 3. A debtor who was declared insolvent paid R900 which represented 30% of her debt. The balance of her account must now be written off. 4. The provision for bad debts must be decressed to R14 000 . 5. Rent has been received up to 31 March 2023 . Note. The rental was increased by R2000 per month with effect from 01 November 2022. 6. The insurance total includes an annual premium of R15 000 that was paid for the period 01 June 2022 to 31 May 2023. 7. Provide for outstanding interest on the mortgage loan for February 2023. 8. Provide for the oulstanding interest on fixed deposit. The investment in fixed deposit was made on 01 September 2022. 9. A payment for the annual service of a motor vehicle was not recorded, R5 000 . 10. Provide for depreciation as follows. 10.1. On equipmentat 10% pa. on cost. 10.2. On vehicles at 20% p.a. using the diminishing badance method. Note: A vehicle with a cost prioe of R360 000 was pureissed on 01 December 2022 . The purchase hass been tecorded

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