QUESTION 2 REQUIRED Use the relevant information from the transactions of GH Traders provided below to answer the following questions: Calculate the total income, total expenses and net profit (loss) for the month ended 31 October 3133. Prepare the Statement of Financial Position as at 31 October 2023. INFORMATION 12 Date Transactions of GH Traders for October 2023 The proprietor of GH Traders deposited R300 000 imbo the bank account of the business as her capital contribution. N 8 8 8 8 0.5 (20 Marks) 20 (5 marks) (15 marks) Purchased equipment and inventory by means of an electronic funds branster (EFT) from Awo Wholesalers for R30 000 and RB0 000 respectively. Purchased stationery from KL Suppliers on credit for R.1 500. Withdrew R800 cash from the bank to be used as petty cash. Sold goods on credit to K. Rogers for R2 000 (Cost of sales R.1 400) DE K. Rogers returned goods with a cost price of R350 and a selling price of R.500. Donated R3 000 inventory to the local secondary school. Cash sales to dabe, R30 000 (Cost of sales R20 000L Invested R20 000 in a floed deposit account at an interest rate of 8% per annum for two years. Purchased a portable air-conditioner on credit for R8 000. A direct deposit was made into the bank account of GH Traders by RD Publishers for 100 books sold on their behall. A commission of 123% on the books, which were sold for R80 each. was received. Received 60% of the amount owed by debbor K. Rogers. Allowed him a discount of R40. Paid R800 to creditor KL Suppliers in part settlement of account. The propriedor drew R5 000 cash from the bank account of the business for her personal use. Paid salanes of R 15 000 by EFT. The bank stabament nadlechad bank charges of R500. Cash sala to dale, R40 000 (Cost of sales Rs3 000(L k

(20 Narks) REQUIRED Use the relevart information from the barsactors of GH. Traders provided below b arswer he following questions. 21 Calculate the atal income, lolal expenses and net proft foss) for the month ended 31 Octoter 2023. 22 Prepare the Statemect of Financial Postion as at 31 October 2003. (5 marb) INFORMATION (45 marks)