Mr Smith is the owner of a wholesale store (Conquer Wholesalers) that sells merchandise to other business. At the end of November 2019 you were presented with the following balances from the general ledger:

Dr Cr

Vehicles 150 000 DR Accumulated depreciation on vehicles 50 000 CR Inventory 100 000 DR Trade receivables 50 000 DR Bank 75 000 DR Capital 300 000 CR Trade payables 25 000 CR

The following transactions were recorded during December 2019: 1 Inventory with a cost price of R50 000 were sold for R75 000 to ABC stores on credit. 5 Mr Smith withdraws R25 000 from the business account for personal use. 10 Stationary worth R2 000 is bought on credit from ZYX suppliers. 14 Water and electricity is paid R2 500 cash. 18 Inventory worth R50 000 is sold for R90 000 cash to various customers. Required: 1) Prepare a post-adjustment trial balance on 31 December 2019 (show all adjustments in brackets). 2) Prepare the statement of comprehensive income for the month ended December 2019. Ignore depreciation. 3) Prepare the statement of financial position for the month ended December 2019