Invest$4$U $($Pty$)$ Ltd is a company with a December financial year$-$end.

To raise capital for an expansion project the company's board of directors approved

the issue of debentures to the public.

On $1$ July $2023,$ Invest$4$U $($Pty$)$ Ltd issued $15010\%$ debentures with a principal value

of R$5000$ each. Transaction costs amounting to R$1800$ were incurred with the issue

of the debentures. The transaction cost was paid for in cash.

The interest on the debentures is payable bi$-$annually in arrears, starting $31$ December

The debentures are redeemable on $30$ June $2028$ at a premium of R$20$ each.

REQUIRED:

Prepare extracts from the statement of profit or loss and other comprehensive income

for the year ended $31$ December $2024$ and the statement of financial position as at

$31$ December $2024$ for Invest$4$U $($Pty$)$ Ltd showing all the balances relating to the

debentures.