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E REQUIRED: Prepare the Statement of Comprehensive Income of Silvo Traders for the year ended 28 February 2023 from the information provided below. INFORMATION: The trial balance, adjustments and additional information given below were extracted from the accounting records of Silvo Traders on 28 February 2023, the end of the financial year. Adjustments and additional information 1. Inventories on 28 February 2023 according to physical stocktaking are as follows: a) Trading inventory R338 000 b) Packing materials R 8000 2. The water and electricity account for February 2023 was received after the trial balance was prepared, R4 000 . 3. Debtor N. Becker was declared insolvent and his debt of R2 800 must be written off as irrecoverable. 4. The provision for bad debts must be adjusted to 5% of debtors. 5. Advertising includes an amount of R24000 that was paid for the period 01 January 2023 to 30 June 2023 (six months contract). 6. Provide for the outstanding interest on fixed deposit. The investment in fixed deposit was made on 01 March 2022 and it matures on 01 December 2023. 7. The following debits that appeared on the bank statement for February 2023 have not been recorded: a) Service fees R800 b) Cash deposit fees R400 8. An amount of R8 000 for repairs to the buildings was erroneously debited to the rates account. 9. Provide for depreciation as follows: a) On vehicles at 15% p.a. on cost. b) On equipment at 20% p.a. using the diminishing balance method. E REQUIRED: Prepare the Statement of Comprehensive Income of Silvo Traders for the year ended 28 February 2023 from the information provided below. INFORMATION: The trial balance, adjustments and additional information given below were extracted from the accounting records of Silvo Traders on 28 February 2023, the end of the financial year. Adjustments and additional information 1. Inventories on 28 February 2023 according to physical stocktaking are as follows: a) Trading inventory R338 000 b) Packing materials R 8000 2. The water and electricity account for February 2023 was received after the trial balance was prepared, R4 000 . 3. Debtor N. Becker was declared insolvent and his debt of R2 800 must be written off as irrecoverable. 4. The provision for bad debts must be adjusted to 5% of debtors. 5. Advertising includes an amount of R24000 that was paid for the period 01 January 2023 to 30 June 2023 (six months contract). 6. Provide for the outstanding interest on fixed deposit. The investment in fixed deposit was made on 01 March 2022 and it matures on 01 December 2023. 7. The following debits that appeared on the bank statement for February 2023 have not been recorded: a) Service fees R800 b) Cash deposit fees R400 8. An amount of R8 000 for repairs to the buildings was erroneously debited to the rates account. 9. Provide for depreciation as follows: a) On vehicles at 15% p.a. on cost. b) On equipment at 20% p.a. using the diminishing balance method