$24$

$2024$

Q$\mathrm{.}1\mathrm{.}4$ Prepare the statement of profit and loss and other comprehensive income for Freedom$-$Co $($Pty$)$ Ltd for the year ended $31$ December $2024$ as required by IAS$1$

Presentation of financial statements.

Show all workings as marks will be allocated.

Q$\mathrm{.}1\mathrm{.}5$ Prepare the statement of changes in equity for Freedom$-$Co $($Pty$)$ Ltd for the year ended $31$ December $2024$ as required by IAS$1-$ Presentation of financial statements.

A total column is required.

Round all amounts to the nearest rand.