BDM is a sportswear shop that sells a variety of sportswear in Durban. The following trial balance was extracted from the accounting records of BDM at $31$ December $2020$:

BDM

Trial balance at $31$ December $2016$ R

Dr R

Cr

Capital $(1$ January $2020)115000$

Drawings $19250$

Loan $(10(1)/(2)\%$ p$.$a$.)20000$

Property, at cost $60000$

Machinery, at cost $68500$

Vehicles, at cost $35000$

Inventory $31000$

Fixed deposit $(31$ December $2020)7000$

Accumulated depreciation on machinery $25000$

Accumulated depreciation on vehicles $14000$

Debtor$$s control $42350$

Creditor$$s control $36750$

Bank $45655$

Debtors$$ allowances $12676$

Bad debts $3600$

Sales $525000$

Cost of Sales $294580$

Indirect selling expenses $15850$

Interest on loans $1575$

Rent income received $9350$

Salaries $87500$

Municipal services $9500$

Administration expenses $12360$

Commissions earned $11360$

Electricity expense $7280$

Vehicle maintenance $2784$

$756460756460$

Adjustments and additional information:

$1.$ Interest on loan has been partially paid for the year. Provide for the full year$$s interest.

$2.$ Rent income has been received for $11$ months. Make provision for the rent still outstanding.

$3.$ Commission of R$730$ has been earned in the financial year but not yet received.

$4.$ A debtor, K$.$ Trotter who owed R$550$ has disappeared and the account must be written off as irrecoverable.

$5.$ Another debtor, K$.$ Rogers who owed R$1000$ has been declared insolvent. On $31$ December $2020,$ BDM received a full and final settlement of $40$c in R$1.$ The cheque was banked immediately. No entries for the receipt of this money have as yet been recorded in the books.

$6.$ Machinery is depreciated at $10\%$ p$.$a$.$ on cost$.$ Vehicles must be depreciated by R$7500.$

Required:

Prepare the Statement of Comprehensive Income for BDM for the year ended

$31$ December $2020.$