QUESTION ONE

REQUIRED:

Using the information provided below to:

$1\mathrm{.}1.$ Prepare the Budgeted Statement of Comprehensive Income for the year ended

$31$ December $2024$

$(4)$

$1\mathrm{.}2.$ Prepare the Budgeted Statement of Financial Position of Marafe Limited as at

$31$ December $2024.$

$(14)$

INFORMATION:

Merafe Limited

Statement of Comprehensive Income for the year ended $31$ December $2023$

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