QUESTION $2($CONTINUED$)$ The basic salaries $($excluding the bonuses$)$ of the employees are as follows: Type of work Basic salary per employee per year Number of employees R Administrative personnel $660002$ Sales personnel $840002$ Managers $24800014.$ A machine used in the clothing manufacturing process was leased on $01$ April $2021$ for a period of $5$ years. The lease payments are R$5250$ per month for the first $3$ years and R$4500$ per month thereafter. The lease payments for the current year were expensed in full. $5.$ Included in bad debts is an amount of R$28725$ which was owed by Toys Ltd$.$ The company was liquidated before the end of the financial year. The amount is considered to be material. $7.$ Assume a company tax rate of $28\%.$ REQUIRED: $2\mathrm{.}1$ Calculate the correct profit before tax for Z&Y Clothing Ltd for the reporting period ended $31$ March $2023.$ Note: Start the calculation with the already correctly calculated profit before tax. $(5)2\mathrm{.}2$ Prepare the statement of comprehensive income and the accompanying notes of Z&Y Clothing Ltd for the reporting period ended $31$ March $2023$ according to the minimum requirements of the Companies Act and IFRSs. Note: The note for revenue is not required $(25)$ Note: $$ The notes on accounting policy are not required. $$ Comparative figures are not required. $$ Ignore VAT. $$ Round off all amounts to the nearest Rand.