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Ian Wright buys, repairs and sells laptops, televisions and other electrical appliances under the business name lan's Bargains which is not registered as a VAT

Ian Wright buys, repairs and sells laptops, televisions and other electrical appliances under
the business name lan's Bargains which is not registered as a VAT vendor. lan uses the
periodic inventory system to record trading activity.
The following information was provided for the year ended 28 February 2019 :
Additional Information:
Physical stock take determined that inventory at 31 March 2019 was valued at R41220.
Ian took a television set and a laptop computer from stock on 24 December 2019 valued
at R5890. This transaction must still be recorded.
Required
3.1 Prepare the trading section of the statement of comprehensive income for the year|
ended 28 February 2019.
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