Statement of Comprehensive Income for the year ended 31 December 2022 Sales (all credit) Cost of sales Opening inventory Purchases (all credit) Closing inventory Gross profit Statement of Financial Position as at 31 December 2022 R 12 000 000 (9 000 000) 3 000 000 ? (4 000 000) 3 000 000 R Assets Inventories Accounts receivable Cash Liabilities Long-term loan: Zap Bank (18%) Accounts payable ? 1 400 000 200 000 1 300 000 700 000 use the following statement to calculate inventories in the statement of fiancial positions and purchases in the statement of comprehensive income