Budgeted Statement of Comprehensive Income for the year ended $31$ December $2024$

Sales $1400000+1540000=2940000$

$$Less Cost of Sales$=-1705200$

$$Gross Profit $588000/1400000*100=42\%*2940000=1234800$

$$Expenses $198800+10\%=(218680)$

$$Depreciation $=(92000)$

$$Profit before tax $=$

$$Taxation$$

$$Profit after tax

Sebata Limited

Statement of Comprehensive Income for the year ended $31$ December $2023$

$1.$ Sales for $2024$ is expected to increase to R$1540000.$

$2.$ The gross profit percentage for $2024$ will be the same as in $2023.$

$3.$ Other expenses will increase by $10\%$

$4.$ The company will pay company taxation in $2024$ at $27\%.$

$5.$ The company will purchase plant and machinery in $2024$ totalling R$200000.$ Depreciation for $2024$ will total R$92000.$