Ntabazinduna $($Pty$)$ Ltd was incorporated during $2022$:

Preliminary costs $($legal costs incurred in connection with the start$-$up of the company$)$ of R$5000$ were paid on $2$ January $2022.2000$ ordinary no par value shares were issued at R$10$ each on $5$ January $2022.$Share issue costs of R$2000$ were paid on $5$ January $2022.0$n $15$ January $2022,400$ of these shares were converted into $12\%$ preference share equity. The draft statement of comprehensive income for $2022,$ before processing any adjustments for the above transactions, reflected total comprehensive income for $2022$ of R$125000($components of other comprehensive income: R $0).$