15 minutes

Question 2 (20 Marks) Required: Prepare the Statement of Comprehensive Income as at: 28 February 2021. Embassy Traders Pre-adjustment Trial Balance as at: 28 February 2021 Debit Credit Balance Sheet Accounts Section Capital 1 651 100 Drawings 132 900 Land and buildings 1 254 800 Vehicles at cost 925 000 Equipment 662 000 Accumulated depreciation on vehicles 528 000 Accumulated depreciation on equipment 369 000 Fixed deposit: Bob-bank (9% p.a.) 200 000 Trading inventory 152 000 Debtors control 174 800 Provision for bad debts 10 000 Bank 127 800 Creditors control 184 800