SECTION A Answer ALL questions in this section. QUESTION 1 REQUIRED [100 Marks] (20 Marks) Use the information provided below to prepare the Statement of Comprehensive Income for the year ended 28 February 2022. INFORMATION The trial balance, adjustments and additional information given below were extracted from the accounting records of Whetstone Stores on 28 February 2022, the end of the financial year. WHETSTONE STORES PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2022 B Debit (R) Credit (R) Balance sheet accounts section Capital 3 759 100 Drawings 310 000 Land and buildings 2 840 000 Vehicles at cost 2 100 000 Equipment at cost 1 500 000 Accumulated depreciation on vehicles Accumulated depreciation on equipment 1 200 000 840 000 Investment: Med Bank (8 % p.a.) Debtors control 450 000 444 000 Provision for bad debts 22 000 Bank 602 700 Creditors control Loan: Med Bank (18% p.a.) 418 000 750 000 minal accounts section Sales 5 600 000 Opening stock 00000 Purchases 150 000 Purchases returns Sales returns Salaries and wages 118 000 60 000 1234 000 Bad debts 42 000 Stationery 68 000 Rates and taxes 178 000 Motor expenses 300 000 Repairs and maintenance 52 000 Telephone 100 000 Electricity and water 150 000 Bank charges Advertising 18 000 194 000 Interest on mortgage loan Interest on investment Rent income 130 000 13 122 700 32 000 383 600 13 122 700