Kinta Baloyi Limited has an authorised share capital of $2500000$ ordinary shares of no$-$par value, of which $600000$ had already been issued by the time the trial balance was prepared. The financial director requests your accounting knowledge in preparing the financial statements for the year ended $31$ December $2021,$ and provides you with the following information: Trial balance at $31$ December $2021$ Debit R Credit R Property $1300000($Debit $)$ Furniture and Equipment $($carrying value$)925000($Debit $)$ Investments $150000($Debit $)$ Bank $35000($Debit $)$ Trade receivables $222000($Debit $)$ Inventory $201000($Debit $)$ Ordinary share capital $(600000$ shares$)1200000($Credit $)$ Retained earnings $(1$ January $2021)210000($Credit $)$ Revaluation surplus $(1$ January $2021)225000($Credit $)14\%$ Loan from SABA Bank $100000($Credit $)$ Trade payables $90000($Credit $)$ Current tax payable $152000($Credit $)$ Sales $4900000($Credit $)$ Dividend income $55000($Credit $)$ Interest income $15000($Credit $)$ Profit on disposal of equipment $20000($Credit $)$ Cost of sales $3020000($Debit $)$ Distribution costs $360000($Debit $)$ Operating costs $72000($Debit $)$ Administrative costs $330000($Debit $)$ Tax expense $352000($Debit $)69670006967000$ Additional information: $1.$ On $31$ December $2021$ it was estimated that the inventory has a net realisable value of R$180000.$ No entries have yet been made for this. $2.$ The loan from SABA Bank was acquired on $1$ January $2020$ and is repayable in full on $1$ January $2022.$ The Interest is payable annually in arrears on $1$ January. Provide for the interest outstanding on the loan for the current financial period. $3.$ On $31$ December $2021$ the property was re$-$valued upwards by R$300000$ using the replacement value method. This revaluation still has to be recorded. $4.$ On $1$ December $2021,$ Kinta Baloyi Ltd received cash for $125000$ shares issued at R$2$ each, and all the shares were allotted on this day. This issue has not yet been recorded. $5.$ On $31$ December $2021$ the directors declared a dividend of $20$ cents per share on all the issued shares, including those issued on $1$ December $2021.$ No entries have yet been made for this. $6.$ In drafting the trial balance, all the expenses of Kinta Baloyi Limited had been allocated to the following four functions: $$ Cost of sales, $$ Distribution costs, $$ Operating costs, and $$ Administration costs $7.$ The above costs reflected on the trial balance include the following: $$ Depreciation on the sales department equipment, R$55000$ Depreciation on the office furniture and equipment, R$65000$ Salaries of the sales staff, R$220000$ Salaries of the office staff, R$200000$ REQUIRED: a$).$ Prepare general journal entries on $31$ December $2021$ for additional information numbers $1,2,3,4$ and $5.$ You are not required to prepare the closing transfers for the write down of inventory and ordinary dividends accounts. $($Dates and narrations may be omitted.$)$ b$).$ Prepare the statement of comprehensive income of Kinta Baloyi Limited for the year ended $31$ December $2021$ in conformity with International Financial Reporting Standards. $($Show your calculations in brackets.$)$ c$.)$ Prepare the statement of changes in equity of Kinta Baloyi Limited for the year$-$ended $31$ December $2021$ in conformity with International Financial Reporting Standards. d$).$ Prepare the statement of financial position of Kinta Baloyi Limited at $31$ December $2021$ in conformity with International Financial Reporting Standards. $($Show your calculations in brackets.$)$