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fde fot View in www.help Home Tools Budgeting - 371 QUESTION 1 (20 MARKS) REQUIRED Luxor Limited had provided the following information relating to the previous financial year. Use the information to prepare the following: 1.1 Pro Forma Statement of Comprehensive Income for the year ended 31 December 2020. (9 Marka) 12 Pro Forma Statement of Financial Position as at 31 December 2020. (11 Marks) Where applicable, round oft amounts to the nearest Rand, INFORMATION: Statement of Comprehensive Income For the year ended 31 December 2019 Sales 10 200 000 Cost of sales (7 140 000) Gross profit 3060 000 Operating expenses (1 720 0001 Depreciation 43 000 Electricity 220 000 Insurance 58 000 Motor repairs 22 000 Rates 60 000 R 1000 9 ARECER F10 F11 F12 FB FI F2 F3 ESC F4 FS * A B. % S 4 & 7 C 9 0 8 6 3 5 2 5 R WE U 4 L T Tobi AS D F G H J K 2 L Caps Lock Z X C V # 3 & 7 7 5 S 6 8 Trade debtors Cash 305 000 410 000 Total assets Et 4250 000 EQUITY AND UABILITIES Ordinary shares Retained oamingo 3422 000 1 000 000 2422 000 Non-current liabilities Long term loan (ABSA 120 000 420 000 Current abilities Erade creditors 408 000 408 000 Total equity and liabilities 4250 000 o Additional information Sales for 2020 are expected to increase by 8% Sales are spread evenly throughout the year 60% of sales are on credit eg SS MECER ESC FI F2 14 F5 F7 F8 F10 F11 F12 Sy B & 7 $ 4 RU 2 3 6 7 8 9 0 Q W E Taber R T Y U 4 O 6 P F A S D Cops Lock G H J K 2 L Z X CV BN MO 0 3 5 6 8 Tablet W E RT YU4 | 5 OP { aps Lock A S D F G H J 1 K 2 L3 Z XC V BN MO