QUESTION 2 (8 MARKS) Study the following Pro-Forma Statement of Comprehensive Income of Dhikim Ltd for the month ending 28 February 2019. You will be required to use the information provided to: 2.1 Calculate the following for February 2019: 21.1 Cost of Sales (1 mark) 2.1.2 Taxation (1 mark) 2.1.3 Profit after tax (1 mark) 2.2 Prepare the Pro-Forma Statement of Comprehensive Income for the month ending 31 March 2019. Note: Use the format provided for February 2019. (5 marks) Information Pro-Forma Statement of Comprehensive income of Dhikim Ltd for the month ending 28 February 2019 400 000 2.1.1 50 000 (120 000) Sales Cost of sales Gross profit (25% of Sales) Other operating Income Operating expenses Operating profit Interest Income Interest Expense Profit before tax Taxation (30%) Profit after tax 27 000 (14000) Additional information Sales are forecasted to increase by 10% in March 2010 The Gross Margin for March 2019 remains unchanged from February 2010 Other operating income and Operating expenses for March 2010 will vary in proportion to sales from February 2010 (percentage-of-sales method). There will be no change to interest income and interest expense for March 2019 from February 2010 The tax rate remains the same for March 2019. e SA