Please can someone assist?

QUESTION 1 Prepare the Statement of Comprehensive Income of Royal Traders for the year ended 28 (20 Marks) February 2021. Creditors control 82 800 Mortgage loan: Leo Bank (18% p.a.) 160 000 INFORMATION The tral balance, adjustments and additional information given below were extracted from the accounting records of Royal Traders on 28 February 2021, the end of the financial year. Nominal accounts section Sales 1 000 000 Cost of sales 480 000 ROYAL TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2021 Sales retums 8000 Debit (R) Credit (R) Salaries and wages 178 000 Balance sheet accounts section Bad debts 2000 Capital 301 000 Stationery 4 000 Drawings 134 720 Rent expense 42 880 Vehicles cost 360 000 Motor expenses 34 000 Equipment at cost 240 000 Bad debts recovered 2 000 Accumulated depreciation on vehicles 186 000 Telephone 14 000 Accumulated depreciation on equipment 62 000 Electricity and water 24 000 Trading inventory 140 000 Bank charges 6 000 Debtors control 62 000 Insurance 12 000 Provision for bad debts 8000 Interest on mortgage ban 26 400 Bank 42 800 Commission income 10 000 Cash float 1 000 1 811 800 1 811 800 Adjustments and additional information 1. According to the physical stocktaking completed on 28 February 2021, the following inventories were on hand: 1.1 Trading inventory, R136 000 1.2 Stationery, R600 2. An account received from Airtel Fitters on 28 February 2021 for the installation of an air conditioning unit in one of the vehicles was debited to the motor expenses account in error, R6 000. 3. No entry has been made for interest at 12% p.a. that was charged for two months on the overdue account of a debtor who owed R6 000 4. electronic funds transfer for R1 330 was made to Royal Traders on 28 February 2021 from a debtor, after a settlement discount of 5% was deducted. No entries have been made for this transaction. 5. The provision for bad debts must be decreased to R3 000. 6. The telephone account for February 2021 was due to be paid on 02 March 2021, R1 400. 7. Rent expense has been paid up to 31 March 2021. Note: The rental was increased by 10% with effect from 01 December 2020. Make the necessary adjustment. B. Interest on loan for February 2021 has not been paid, 9. The insurance total includes an annual premium of R4 800 that was paid for the period 01 June 2020 to 31 May 2021. 10. Cash deposit fees of R600 that appeared in the February 2021 bank statement were left out in error when the cash journalis for February 2021 were prepared and posted. Provide for depreciation as follows: 11. 11.1 On equipment at 10% per annum on cost. Note: Equipment that cost R20 000 was purchased on 01 September 2020. The purchase has been recorded. 11.2 On vehicles at 20% per annum on the diminishing balance