QUESTION THREE [5] A perpetual inventory system is implemented at TRADERS (Pty) Ltd. The balance carried forward for the financial period amounted to R13 000. The total purchases amounted to R20 000 with sales of R18 500. Management considers changing to a periodic inventory system and requested an explanation from you on how the transaction recording would be affected. (5) QUESTION FOUR [30] The Statement of Comprehensive Income and the Statement of Financial Position of YR Sales Limited have been prepared for the year ended 31 March 2023. Statement of Comprehensive Income for the year ended 31 March 2023 On 17 February 2023, assets purchased on 1 October 2021 for R120 000 was sold for cash. company purchased new assets during the financial year. A final dividend of R100 000 was declared on 18 March 2023 as payable to the shareholders. Statement of Financial Position as at 31 March 2023 Cashflow statement for the year ended 31 March 2023 Required: The junior accountant asked for your assistance to calculate the outstanding reporting balances (show all calculations) END OF QUESTION PAPER