Dan Steel has a plumbing business that is growing in reputation. He has 2 qualified plumbers that work with him. He approached you to update his financial reports as he is planning to expand his business and quoting for more work. D Steel Plumbers has a financial year-end of 31 August. The trial balance at this date is provided as follows: Trial balance for year ended 31 August 2022; Debit - R Credit R Motor vehicles at cost 95 000 Accumulated depreciation: motor vehicles 10 000 Debtors control 11 050 Bank: ABSA 18 500 Bank: FNB 1 200 Allowance for credit loss 2 105 Equipment at cost 82 000 Accumulated depreciation: equipment 2 100 Creditors control 8 000 Accrued expenses 1 500 Capital D Steel 34 800 Rental income 5 250 Income received in advance 3 200 Consumable expense 59 300 Water and electricity 13 200 Cleaning 4 100 Services rendered 308 000 Credit loss 7 305 Settlement discounts allowed 3 500 Salaries and wages 65 250 Printing and stationery 16 950 376 155 376 155 Additional Information: The following transactions have not been recorded: 1. A debtor was refunded R1 000 for overpayment of his account. 2. The municipality emailed the August 2022 electricity account amounting to R2 300 on 4 September 2022. 3. A Settlement discount received of R2 100 received on purchases of consumables was posted incorrectly to the debit side of the Settlement discount allowed account. 4. Stationery of R1 750 is on hand at year-end. 5. Physical stock of consumables at 31 August 2022 was valued at R23 800. 6. Provide for depreciation for the year as follows: Motor vehicles: R4 750; and Equipment: R4 100. REQUIRED: You are required to prepare the Statement of Profit or Loss and other comprehensive income for the year ended 31 August 2022 for D Steel Plumbers in compliance with International Financial Reporting Standards in as much as the information allows.