IUIRED the information provided below to prepare the Statement of Comprehensive Income for the ebruary 2022 ORMATION thal baiance, adjustments and additional information given below were extracted from the ords of Whetstone Stores on 28 February 2022, the end of the financial year. ECTION A [100 Marks] nswer AlL questions in this section. UESTION 1 (20) Marks) EQUIRED Febrothe information provided below to prepare the Statement of Comprehensive Income for the year ended February 2022 FORMATION e trial balance, adjustments and additional information given below were extracted from the accounting rords of Whetstone Stores on 28 February 2022, the end of the financial year. Stationery R6 000 A debtor who was declared insolvent paid R4 200 , which represented 60% of the amourt Whetstone Stores. The amount that was received has been recorded but the rest of his accict. now be written off. The provision for bad debts must be adjusted to R20 000 . Interest is outstanding on the investment, which was made on 01 Fobruary 2021. The matur 31 July 2022 The long-term loan from Med Bank was obtained on 01 March 2021. A repayment of R100 made and recorded on 31 August 2021. Provide for the outstanding interest. Inter capitalised. An account for R2 000 to replace broken window panes has been received. This has recorded and payment was due to be made during March 2022. The advertising amount includes a contract for R30000, in respect of monthly advertisemer value, that was taken for the period 01 December 2021 to 31 May 2022. Rent has been received for the period 01 March 2021 to 31 March 2022. Note: Rent wa by 10% with effect from 01 September 2021. The telephone account for February 2022 was due to be paid on 02 March 2022, R10 000 . Provide for depreciation as follows: On vehicles at 20% p.a. on the diminishing balance. On equipment at 10% p.a. on cost. ments and additional information According to stocktaking done on 28 February 2022, the following were on hand Trading inventory R240000 Stationery R6 000. A debtor who was declared insolvent paid R4 200, which represented 602% of the amount Whetstone Stores. The amount that was received has been recorded but the rest of his acro now be written off. The provision for bad debts must be adjusted to R20 000 . Interest is outstanding on the investment, which was made on 01 February 2021. The maturi 31 July 2022. The long-term loan from Med Bank was obtained on 01 March 2021. A repayment of R100 made and recorded on 31 August 2021. Provide for the outstanding interest. Intere capitalised. An account for R2 000 to replace broken window panes has been received. This has recorded and payment was due to be made during March 2022. The advertising amount includes a contract for R30 000, in respect of monthly advertisemen value, that was taken for the period 01 December 2021 to 31 May 2022. Rent has been received for the period 01 March 2021 to 31 March 2022. Note: Rent was by 10% with effect from 01 September 2021. The telephone account for February 2022 was due to be paid on 02 March 2022, R10 000 . Provide for depreciation as follows: On vehicles at 20% p.a. on the diminishing balance. On equipment at 10% p.a. on cost