12:04 Done Lst1.docx 34. Below find a preadjusting trial balance of James Bond Entity until 31 December 2019. The accountant asked for your assistance with the preparation of the financial statements of James Bond Entity for the reporting period ended 31 December 2019: DR CR NS Sales 734000 Purch Freight in Rusland 15000 Rewards Credit Babes 37450 Resespere Stationery Imployee life Wendleri Depreciation Inventory 2019 2001 ADDITIONAL INFORMATION: 1. On 3 October 2019 Receivable Namibre (Pty) Lad's debt was written off as irrecoverable. (This write-off has already been appropriately recognised.) On 31 December 2019 the liquidator of Receivable Namibre (Pty) Lid insolvent estate deposited an amount of NS50 000 directly into James Bond Entity's bank account by means of an EFT. This amount is James Bond Entity's portion of a liquidation distribution made to Receivable Namibre (Pty) Ltd's payables. 2. An inventory count of Trading Inventory on hand on 31 December 2019 determined that the cost of Trading Inventory on hand amounted to NS15 000 3. An inventory count of stationery on hand on 31 December 2019 determined that the cost of stationery on hand amounted to N$13 000 4. The December 2019 payroll still needs to be accounted for The following amounts were extracted from the payroll for December 2019: Gross salaries: NS 84 000 Net salaries: NS52 000 5. The water and electricity account for December 2019 to the amount of NSS 300 was received on 10 January 2020 from Payable City of Windhoek and is payable before 20 January 2020 The gross profit figure for James Bond Entity amounts to: 7 marks) Select one: The gross profit figure for James Bond Entity amounts to: (7 marks) Select one: Ca. N$620 000 b. N$2 054 000 c. N$852 000 Cd. N$630 000