Cute Cakes Limited consists of a chain of cake outlets that bakes and sells cakes to thepublic.The financial director is finalising the preparation of the financial statements for the yearended $31$ December $2023$ and has identified the following issues for discussion in a meetingwith the company$$s IFRS consultant:a$)$ Costs of R$50000$ estimated to be incurred for relocating a staff member, A$.$Chef,from the company$$s head office in Durban to Cape Town to set up shop and managea new store. The staff member will physically relocate during July $2024.(6)$b$)$ Long$-$service leave, estimated to be R$150000,$ owing to employees in respect of pastservices. $(10)$c$)$ Provision of R$75000$ for the replacement of a machine. The replacement is requiredevery four years and the machine was four years old as at $31$ December $2023.(6)$d$)$ Damages awarded against Cute Cakes Limited resulting from a court case decidedon $22$ December $2023.$ The judge has announced that the amount of damages willbe set at a future date, expected to be in March $2024.$ Cute Cakes Limited hasreceived advice from its lawyers that the amount of the damages could be anythingbetween R$50000$ and R$15$ million. $(10)$e$)$ An amount of R$275000$ owing to Sugar works Limited for raw materials provided inDecember $2023.(6)$The company$$s financial statements are authorised for issue on $24$ February $2024$