(18) Q.2.2 Moya Enterprises incurred the following income and expenses for the year ending 30 June 2019: R 80 000 Wages and salaries 10 000 Sales returns 1 500 5 000 Interest on savings account Packing materials Rent paid 7 000 120 000 Cost of sales 800 Stationery 700 Interest on overdraft 6 000 Equipment expenses 260 000 Sales Advertising 18 000 Insurance 1 000 Water and electricity 1 600 Required: Assume Moya Enterprises were to introduce the following measures for the following financial year ending 30 June 2020: Increase net sales revenue by 10%; Decrease cost of sales by 3%; Increase interest received by 4%; Decrease operating expenses by 2.5%, except for Wages & Salaries which increase by 5%; Interest payments to stay constant. Prepare a budgeted statement of comprehensive income for the financial year ended 30 June 2020 based on the above information. Show workings. Round all answers to the nearest Rand value. (18) Q.2.2 Moya Enterprises incurred the following income and expenses for the year ending 30 June 2019: R 80 000 Wages and salaries 10 000 Sales returns 1 500 5 000 Interest on savings account Packing materials Rent paid 7 000 120 000 Cost of sales 800 Stationery 700 Interest on overdraft 6 000 Equipment expenses 260 000 Sales Advertising 18 000 Insurance 1 000 Water and electricity 1 600 Required: Assume Moya Enterprises were to introduce the following measures for the following financial year ending 30 June 2020: Increase net sales revenue by 10%; Decrease cost of sales by 3%; Increase interest received by 4%; Decrease operating expenses by 2.5%, except for Wages & Salaries which increase by 5%; Interest payments to stay constant. Prepare a budgeted statement of comprehensive income for the financial year ended 30 June 2020 based on the above information. Show workings. Round all answers to the nearest Rand value