INFORMATION PREMIER LMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 1. Sales for the year ending 31 Decamber 2022 is expected to increase by \12. 2. The existing gross profit percentage will be maintained in 2022 . 3. Operating expenses (excluding depreciation) are expected to increase by \10 in 2022. 4. 500000 ordinary shares will be issued in 2022 at a value of \\( R 1 \\) each. R 500,000 5. The company will purchase a property costing \\( R 900000 \\) on 1 June 2022. A long-term loan will be taken out to fund the purchase. Monthly instalments of \\( R 7668 \\) will be payable on this loan. Interest of \\( R 43300 \\) will be paid on this loan for the period 1 June 2022 to 31 December 2022. 6. New plant and equipment costing R420 000 will be purchased for cash during April 2022. 7. Total depreciation for the year ending 31 December 2022 is expected to amount to \\( R 462000 \\). Depreciation for the year ended 31 December 2021 amounted to \\( R 420000 \\). 8. Percentage of sales must be used for the following items: Inventories Trade and other receivables Trade and other payables 9. \10 of the current long-term loan will be repaid during 2022. Interest paid on this loan will amount to R181500. 10. Dividends of 10 cents per share will be declared in November 2022 and will be paid in March 2023. 11. An income tax rate of \28 will be applicable in 2022. Amounts owing to the South African Revenue Services for balances outstanding on 31 December 2021 will be paid in January 2022. Taxes due for 2022 will be paid in January 2023. 12. Any excess cash will be invested in long-term financial assets. QUESTION 1 [18 MARKS 1.1 Compile the Pro Forma Statement of Comprehensive Income for the year ended 31 December 2022. (6)