Given information relates to questions 18 24: The following information relates Techno Traders, a partnership established on 1 January 2022 by S Robert and Z Xaba: 1. Balances as at 31 December 2022: TECHNO TRADERS Extract OF BALANCES AS AT 31 December 2022 Trade receivables control R18,250 Inventory (1 January 2022) R8,000 Current Account: S Robert R8,000 Current Account: Z Xaba R12,000 Petty Cash R300 Long-term loan (Ngabantu Bank) R76,000 Trade payables control R3,080 Purchases R628 Capital: S Robert (1 January 2022) R33,000 Capital: Z Xaba (1 January 2022) R22,000 Equipment at cost R73,450 Accumulated depreciation: Equipment R9,018 Bank (Dr) R220,000 Depreciation R9,018 Water and electricity R14,850 Salaries and wages R204,250 Maintenance expense R2,520 Entertainment expense R6,000 Insurance expenses R17,800 Commission expense R2,800 2. Additional information: 2.1 Partnership agreement: 2.1.1 The partners share profit and losses in the ratio of their respective capital contributions. 2.1.2 Interest at 6% per annum is to be allowed on the opening balances of the capital account. 2.2 Year-end adjustments: 2.2.1 At 31 December 2022, the value of closing inventory amounted to R3 220. 2.2.2 S Robert and Z Xaba received R1 800 and R1 200 from Techno Traders respectively of which Z Xaba used R700 to entertain potential clients for the business. 2.2.3 In order for Techno Traders to finance the purchase of a drone, a long-term loan was acquired from Ngabantu Bank 01 October 2022. Interest is charged at a rate of 11.5% per annum. The drone was purchased on 01 November 2022 for R70 000 and is depreciated at 15% per annum using the straight-line method. The drone has a residual value of R25 000. 2.2.4 On 15 December 2022, a stock take was conducted and Inventory to the value of R1 500 was discovered as being damaged. The net realisable value for this damaged inventory was estimated at R700. In order to replace the damaged stock, Techno Traders purchased additional stock of R900, which was delivered to the premises on 29 December 2022, and made payment to the supplier on 31 December 2022. This transaction has not yet been recorded in the accounting records of Techno Traders as at 31 December 2022. 2.2.5 Both partners are entitled to a salary of R8 000 per month. Due to cash flow constraints affecting Techno Traders, S Robert agreed to accept a salary payment of R5 000 per month. The salaries paid to the partners were incorrectly included under salaries and wages. Question 18 Which one of the following alternatives represents the correct amount that must be disclosed as finance costs in the statement of profit or loss and other comprehensive income of Techno Traders for the year ended 31 December 2022?