QUESTION$2(20$ Marks$)$REQUIREDUse the relevant infomation from the transactions of TG Traders provided below to answer the followingquestions:$2\mathrm{.}1$ Calculate the total income, total expenses, and net profit $($loss$)$ for the month ended $31$ October $2023.(5$ Marks$)22$ Prepare the Statement of Financial Position as at $31$ October $2023.(15$ marks$)$Date$0102030512141808$ Sold goods on credit to K$.$ Rogers for R$2000($Cost of sales R$1400)\mathrm{.}2009$ K$.$ Rogers returned goods with a cost price of R$350$ and a selling price of R$500\mathrm{.}212427$Transactions of TG Traders for October $202329$The proprietor of TG Traders deposited R$300000$ into the bank account of the business as her capital contribution.Purchased equipment and inventory by means of an electronic funds transfer $($EFT$)$ from Avo Wholesalers for R$30000$ and R$8$O $000$ respectively$\mathrm{.}31$Purchased stationery from KL Suppliers on credit for R$1500$Withdrew R$800$ cash from the bank to be used as petty cash.Donated R$3000$ inventory to the local secondary school.,Cash sales to date, R$30000($Cost of sales R$20000),.$Purchaseda motor vehicle for a cash price of R$20000.$ The motor vehicle is not yet available for use.Purchased a portable air$-$conditioner on credit for R$8000.$A direct deposit was made into the bank account of TG Traders by RD Publishers for $100$ books sold on theirbehalf. A commission of $12\%$ on the books, which were sold for R$80$ each, was receivedReceived $60\%$ of the amount owed by debtor K$.$ Rogers. Allowed him a discount of R$40.$The proprietor drew R$5000$ cash from the bank account of the business for her personal use$\mathrm{.}30$ Paid salaries of R$15000$ by EFT.Paid R$800$ to creditor KL Suppliers in part setlement of account.The bank statement reflected bank charges of R$500.$Cash sale to date, R$40000($Cost of sales R$28000).$