Read the following case study and answer the questions:

You are presented with the following trial balance of Carl Ltd at $31$ October $2023.$

Additional information as at $31$ October $2023$

a$.$ Closing inventory has been counted and is valued at R$75,000$

b$.$ An invoice of R$15000$ for energy expenses for October $2019$ has not been received.

c$.$ The allowance for debtors is to be increased to $5\%$ of trade receivable.

d$.$ Buildings are depreciated at $5\%$ per annum on their original cost, allocated $30\%$ to cost of sales, $30\%$ to distribution costs and $40\%$ to administrative expenses.

e$.$ Plant is depreciated at $20\%$ per annum using the reducing balance method. The entire charge is to be allocated to cost of sales.

f$.$ Tax has been calculated as R$45000$ for the year.

g$.$ The current share price of Carl Ltd is R$1\mathrm{.}30$ per share.

h$.$ Debenture interest has not been paid for the year.

i$.$ The items listed below should be apportioned as indicated.

QUESTION FOUR

Prepare the statement of profit$/$loss and other comprehensive income for the year ended $31$ October $2023$ in accordance with IFRS. Classify expenses according to their functions. $(40)$