$\backslash$table$[[,$R$],[$Member$\text{'}$s contribution: Mona,$350000],[$Member$\text{'}$s contribution: Lisa,$300000],[$Retained income,$50000],[$Land and buildings,$570000],[$Vehicles at cost$,420000],[$Equipment at cost$,300000],[$Accumulated depreciation on vehicles,$240000],[$Accumulated depreciation on equipment,$168000],[$Fixed deposit: Capfin Bank $(10\%$ p$.$a$.),90000],[$Inventory$,77310],[$Trade debtors,$88800],[$Allowance for credit losses,$4500],[$Bank$,36990],[$Cash float,$4500],[$Trade creditors,$83340],[$Mortgage loan: Capfin Bank $(16\%$ p$.$a$.),150000],[$Sales$,943950],[$Cost of sales,$270000],[$Sales returns,$6000],[$Salaries and wages,$267000],[$Credit losses,$8400],[$Stationery$,13680],[$Rates$,35700],[$Motor expenses,$60000],[$Repairs$,10770],[$Interest on fixed deposit,$6750],[$Interest on mortgage loan,$12000],[$Telephone$,20310],[$Water and electricity,$30370],[$Bank charges,$3770],[$Insurance$,38940],[$Rent Income,$78000]]$

On $28$ February $20\mathrm{.}9$ R$400$ was received from a debtor whose account was previou. written off. No entry has been made for this.

A debtor, Z$.$ Mikania, was declared insolvent. An amount of R$200,$ that represented of the debt, was received from his insolvent estate but not yet recorded. The balan his account must be written off.

Allowance for credit losses must be increased by R$500.$

The physical stock count on $28$ February $20\mathrm{.}9$ revealed the following stock on hand

Trading inventory R$77000$

Stationery R$500$

Part of the building has been sublet since $01$ March $20\mathrm{.}8$ at a monthly rental of R$6($ Make the necessary adjustment to rent income.

The insurance amount includes an annual insurance premium of R$4800$ that was $p.$ for the period $01$ June $20\mathrm{.}8$ to $31$ May $20\mathrm{.}9.$

Provide for outstanding interest on mortgage loan. The loan was obtained on $01$ N $20\mathrm{.}8.$

Interest of R$2250$ was still owing on the fixed deposit on $28$ February $20\mathrm{.}9.$ The fixe deposit matures on $01$ September $20\mathrm{.}9.$

The bank statement for February $20\mathrm{.}9$ was received after the cash journals were po: to the ledger. The following must still be recorded:

Service fees R$270$

Cash deposit fee R$120$

Provide for depreciation as follows:

On equipment at $15\%$ per annum on cost$.$

On vehicles at $20\%$ on diminishing balance. Note: A vehicle that cost R$120000$ was purchased on $01$ December $20\mathrm{.}8.$ The purchase has been recorded.

Income tax is provided at $28\%.$

Required:

$3\mathrm{.}1$ Prepare the statement of comprehensive income for Monalisa CC for the year ended $28$ February $20\mathrm{.}9.(30)$

$3\mathrm{.}2$ Prepare the property, plant & equipment note for Monalisa CC$.(15)$