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$\backslash$table$[[$Balance Accounts Section,,$],[$Ordinary Share Capital,,$600000,00],[$Retained Income,,$232000,00],[$Land and Buildings,$891600,00,],[$Vehicles @ Cost,$170000,00,],[$Equipment @ Cost,$60000,00,],[$Accumulated Depreciation: motor vehicles,,$28000,00],[$Accumulated Depreciation: equipment,,$14000,00],[$Long term loan: TB Bank $(14\%,,264000,00],[$Debentures $(13\%),,200000,00],[$Investment in BX $($Pty$)$ Ltd$,48000,00,],[$Trading Stock,$100000,00,],[$Debtors control,$128000,00,],[$Provision for bad debts,,$2560,00],[$Bank$,114260,00,],[$Creditors Control,,$54260,00],[$SARS Income tax,$35000,00,],[$Nominal Accounts Section$],[$Sales$,,1066250,00],[$Cost of sales,$603800,00,],[$Debtors allowance,$18000,00,],[$Salaries$,120000,00,],[$Motor expenses,$3450,00,],[$Interest on loan,$36960,00,],[$Discount allowed,$3880,00,]]$

$\backslash$table$[[$Commission income,,$24930,00],[$Directors$\text{'}$ fees,$50150,00,],[$Auditor$\text{'}$s fees,$13000,00,],[$Dividends on ordinary shares,$16000,00,],[$Repairs$,28160,00,],[$Other operating assets,$45740,00,]]$

$2486000,00,2486000,00$

ADJUSTMENTS AND ADDITIONAL INFORMATION.

Trading inventory according to stocktaking on $31$ December $2022$ amounted to R$99000.$

The provision for bad debts must be increased b$/$ R$1940.$

Capital repayments totaling $R24000$ are payable on the unsecured loan from TB

Bank in the next financial year.

$4.$ Depreciation must be provided for as follows:

$4\mathrm{.}1$ On vehicles at $20\%$ p$.$a$.$ using the diminishing talance method;

$4\mathrm{.}2$ On equipment at $10\%$ p$.$a$.$ on cost$.$

$5.$ A dividend of $15\%$ of the investment value has been declared by BX $($Pty$)$ Ltd$.$ The dividend has not yet been received.

$6.$ The authorised share capital consists of $600000$ ordinary shares.

Note: On $01$ July $20\mathrm{.}20,$ the company increased the ordinary share capital by selling the remaining unissued $100000$ shares at $R1$ each.

$7.$ Debentures consist of $2000013\%$ debentures o$\text{'}$ R$10$ each, issued on $01$ January $2020$ and redeemable on $30$ December $2027.$ The debertures are secured by a first mortgage bond over land. Provision must be made for the current year's interest.

$8.$ The income tax for the year amounted to R$30224.$

$9.$ The directors declared a final dividend of $10$ cenis per share.

REQUIRED:

Use the information provided above to prepare the: Statement of Comprehensive Income for the year ended $31$ December $2022.$

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