QUESTION $2(30$ Marks$)$ You are provided with information relating to Mandela Sports Limited. The company sells sports equipment and repairs equipment for their customers. REQUIRED: Prepare the Statement of Comprehensive Income for the year ended $30$ June $2022$ after taking all the adjustments and additional information into account. INFORMATION: Figures extracted from the Pre$-$Adjustment Trial Balance on $30$ June $2022$: Ordinary Share Capital $($R$5$ par value$)1200000$ Fixed Deposit $160000$ Trading Stock $215000$ Debtors Control $39090$ Equipment for $($Office and Shop$)224000$ Accumulated depreciation on office and shop equipment $130000$ Mortgage loan from Debet Bank $281200$ Sales $1703200$ Debtors allowances $17000$ Cost of sales $?$ Service fee income $297140$ Rent income $105000$ Interest income $11200$ Salaries and wages $234750$ Employers' contribution to pension fund and uif $53200$ Audit fees $30000$ Directors' fees $230000$ Consumable stores $51100$ Bank charges $5240$ Sundry expenses $6000$ Adjustments and additional information. The auditors have identified the following errors or omissions: $2\mathrm{.}1$ The auditors are owed a further R$28000$ after completing the audit. $2\mathrm{.}2$ Bank charges of R$310$ reflected on the June $2022$ bank statement have not yet been entered in the books. $2\mathrm{.}3$ A credit note issued to a debtor, A Mona, dated $28$ June $2022$ was not recorded in the books. The credit note was for: Goods returned by A Mona, R $6200($the cost was R$4800)$ Price reduction on unsatisfactory repair of a tennis racket, R$5402\mathrm{.}4$ The stock count on $30$ June $2022$ revealed the following on hand: Trading stock, R$202000$ Consumable stores, R$9002\mathrm{.}5$ An employee was left out of the Salaries Journal for June $2022.$ The details from his pay$-$slip were: Gross Salary $6,000$ PAYE deduction $(18\%)(1,080)$ Pension deduction $(7\mathrm{.}5\%)(450)$ UIF $(60)$ Net salary $4,410$ The business contributions were: Pension Fund: $10,5\%$ of gross salary UIF: Rand$-$for$-$rand basis $2\mathrm{.}6$ The tenant paid the July and August rent in June $2022.$ The rent was increased by R$700$ per month on $1$ January $2022.2\mathrm{.}7$ Provide for depreciation on office and shop equipment at $10\%$ p$.$a$.$ on the diminishing balance method. Note that new shop equipment costing R$30000$ was purchased half$-$way through the financial year $($this was properly recorded$).2\mathrm{.}8$ Interest on the loan was capitalised. The loan statement from Debet on $30$ June $2022$ reflects the following: Debet Bank Loan Statement on $30$ June $2022$ Balance on $01$ July $2021332800$ Interest charged $?$ Monthly payments to Debet bank in terms of the loan $(12$ months x $4300)51600$ Balance on $30$ June $2022326000$ The interest expense for the year has not yet been entered in the books. $2\mathrm{.}9$ Use the following percentages to calculate the missing figures: Mark$-$up $\%$ achieved: $60\%$ on cost Operating profit on sales: $20\%$ Income tax rate: $30\%$ of net profit