Club Ltd and Court Ltd are two companies in the sports industry who have a 31 December year end. The following are trial balances of the two entities, for the year ended 31 December 2023: Trial balances Ordinary Share capital (R1 each) Retained earnings: 01/01/2023 Ordinary dividends declared Property, plant, and equipment Deferred tax Trade and other receivables Bank Investment in Court Ltd | (FVTPL): 31/12/2023 Trade and other payables Shareholders for dividends Revenue Club Ltd Court Ltd (R) (R) DR CR DR CR 1 000 000 100 000 125 000 1 263 515 50 000 2 000 900 1 250 000 157 950 42 000 190 000 1 350 000 53 000 125 000 1 000 000 23 000 60 000 631 080 39 000 50 000 750 000 Other income 700 500 42 000 Other expenses 225 000 156 000 Income tax expense (P/L) 367 065 73 080 4 299 965 4 299 965 1 612 080 1 612 080