QUESTION 1 (20 Marks) REQUIRED Study the Statement of Comprehensive Income of Asterix Limited for the three-year period provided below and then answer the following questions: 1.1 Explain the change that possibly took place in the financing activities over the three-year period. (2 marks) 1.2 Calculate the other operating expenses for 2022. (2 marks) 1.3 Calculate the expected cost of sales for 2025 if the budgeted sales are R5 000 000 and the gross margin percent for 2024 is maintained. (4 marks) 1.4 Comment on the cost of sales over the three-year period. (4 marks) 1.5 Comment on the trends that you observe regarding personnel expense and rent expense. (4 marks) 1.6 Provide an interpretation of the operating profit over the three-year period. (4 marks) INFORMATION The Statement of Comprehensive Income of Asterix Limited for three years are provided below: ASTERIX LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER: 2024 2023 2022 R R R Sales 4 000 000 3 100 000 2 400 000 Cost of sales (1 960 000) (1 457 000) (1 080 000) Gross profit 2 040 000 1 643 000 1 320 000 Operating expenses (1 630 200) (1 259 200) ? Personnel 683 000 518 700 382 200 Marketing 147 700 120 900 93 600 Administration 362 700 273 000 214 500 Rent 126 750 109 200 78 000 Other operating expenses 310 050 237 400 ? Operating profit 409 800 383 800 368 500 Interest expense (96 000) (108 000) (120 000) Profit before tax 313 800 275 800 248 500 Company tax (84 726) (74 466) (69 580) Profit after tax 229 074 201 334 178 920