Question 1 (10 marks) Read the scenario below and answer the questions that follow: Tastee Bites (Pty) Ltd is a restaurant chain situated in the Eastern Cape province. It specialises in selling African cuisine and provides catering services in addition to offering take away options. The chain also sells food via the mobile application, Uber Eats. Tastee Bites is planning to open other stores in Gauteng but will need funding. Below is Tastee Bites trial balance for August 2024: Tastee Bites trial balance ending 31 August 2024 Buildings 10 900 _ Equipment 10 000 Equipment 10 000 Long-term liabilities 21 750 Inventory 17 600 Accounts receivable 4 100 @Milpark Education Finance Managers FMAN02-6 Assignment March 2024 Page 2 of 8 Accounts payable 16 450 Marketing costs 650 Share capital 35 430 Cost of goods sold 1 800 Salaries and wages 1 400 Interest 850 79 830 Activat79 830 WS o activateAccounts payable Share capital Cost of goods sold 1 800 _ Salaries and wages 1 400 _ 16 450 35430 650 79 830 79 830 Required: 1.1 Suggest 2 ways in which Tastee Bites can fund its planned expansion. Explain your answer. (4) 1.2 Prepare the Statement of Profit or Loss and Other Comprehensive Income for Tastee Bites for the year ending 31 August 2024. (6)