Merafe Limited is busy with the budgeting process for the 2023 financial year. The following information is provided to assist with this process: Merafe Limited Statement of Comprehensive Income for the year ended 31 December 2022 Additional information: 1. Sales for the year ending 31 December 2023 is expected to increase by 12%. 2. The existing gross profit percentage will be maintained in 2023. 3. The company will acquire additional assets costing R200 000 on 1 January 2023 . The book value of existing assets on 1 January 2023 is R1 200000 . No assets are expected to be sold in 2023 . The company provides for depreciation on a diminishing balance method at 10% per annum. 4. Other operating expenses are expected to increase by 10% in 2023. 5. The company will take out additional loans in 2023 and it is expected that total interest expense will increase by 15% in 2023 6. The company taxation rate is expected to remain unchanged. REQUIRED Compile the Projected Statement of Comprehensive Income for the year ended 31 December 2023