QUESTION $5[30$ MARKS$]$ The accountant prepared the following notes: $$ The income tax rate for $2024$ is set at $27\%$ on taxable profits and has remained unchanged for the past four years. $$ The profit before taxation for the year ended $31$ October $2024$ is R$45000.$ The income tax expense for the financial year $2024$ is R$11164,$ whereas for the year $2023,$ it amounts to R$11200.$ The outstanding balance owed to SARS for current taxation, as reflected in the Statement of Financial Position as of $31$ October $2023,$ amounts to R$3500.$ The total payments made to SARS during $2024$ amounted to R$9964,$ covering obligations for both the current and prior years of assessment. $$ According to the final tax assessment issued by SARS, the total income tax liability for the year $2023$ amounted to R$10825,$ payable by the company. $$ A capital profit of R$7850$ was realized from the sale of equipment during $2024.$ This profit, which constitutes a capital gain as defined in accordance with the SARS instruction notes. No assessed capital loss was carried forward. The capital inclusion rate for $2024$ is $80\%,$ which has remained unchanged from the previous year. $$ The total dividends declared during $2024$ amounted to R$9500,$ subject to a dividend tax rate of $20\%,$ in accordance with applicable tax regulations. $$ During the $2024$ year of assessment, dividend income of R$4850$ was received from local companies, while a non$-$deductible fine of R$350$ was incurred as per the financial records. Required: $5\mathrm{.}1$ Prepare the general journals for the financial years ended $31$ October $2023$ and $31$ October $2024.(12$ Marks$)5\mathrm{.}2$ Prepare the income tax expense note in the financial statements for the year of assessment ended $31$ October $2024.(13$ Marks$)5\mathrm{.}3$ Prepare the extract of the Statement of Financial Position for the year ended $31$ October $2024.$