The current years financial performance was discussed on the recent board meeting. The board has agreed on the following targets for the financial year ended Feb 202

Current years sales R13,567,850	15% increase on sales
Gross profit	35% gross profit margin
Expenses as % of sales	20%
Fixed Asset Turnover	3.0
Credit purchases as % of COS	65%
Long term debt to equity	1.5:1
Creditor days outstanding	45days
Inventory Days	40days
Debtor days	60days
Interest on long term debt	R250,000

Tax rate is 28%

Required: You are required to draft the following:

1. Statement of Financial Position for the year ended Feb 2022

2. The Statement of Comprehensive Income for the year ended February 2022.