please help with detailed explanations

The account balances and the additional information shown below were extracted from the Additional Information that needs to be taken Into account: 1. A physical stock-take was undertaken and the inventories were valued as follow as at financial year 28 February 2023 ; - Trading inventory was valued at R147 500 - Stationery on hand was valued at R1 600 2. Amigo's entered into an advertisement contract for R4400 for the period 1 January 2023 to 30 April 2023. Amigo's intend to complete the contract up to 30 April 2023. 3. Amos retailer, a debtor, was declared insolvent and liquidators paid all creditors 25 cents in the Rand (ie. 25% of the amounts owing). A deposit of R1 350 was made into our bank account and is included in the records above. However, the balance of the account must now be written off as a credit loss. 4. Assets need to be depreciated as follows; - Vehicles at 20% on the straight line method, and - Equipment at 10% on the reducing balance method. No Vehicles or Equipment were purchased or sold during the current financial year. 5. The Allowance for credit losses must be decreased by R300. 6. Interest on the fixed deposit is still outstanding. Investment in the fixed deposit was made on 1 March 2022 and will mature on 31 May 2024 . Record the outstanding interest. 7. Rent has been received from the tenant for the period 1 March 2022 to 31 March 2023. The tenant's monthly rent did not change for the period 1 March 2022 to 31 March 2023. 8. The Loan from Win Bank was taken on 1 July 2019. During the current financial year only a single payment of R37 500 was made on 31 August 2022 and was correctly recorded. The interest on the loan needs to be updated. 9. Rates and taxes includes a payment of R30 000 that was paid for the period 1 July 2022 to 30 June 2023. Required: Prepare the statement of profit or loss and other comprehensive income for the year ended 28 February 2023 for Amigo's Wholesalers. Use terminology and a format that complies with International Financial Reporting Standards (IFRS) for this type of entity. [25] The account balances and the additional information shown below were extracted from the Additional Information that needs to be taken Into account: 1. A physical stock-take was undertaken and the inventories were valued as follow as at financial year 28 February 2023 ; - Trading inventory was valued at R147 500 - Stationery on hand was valued at R1 600 2. Amigo's entered into an advertisement contract for R4400 for the period 1 January 2023 to 30 April 2023. Amigo's intend to complete the contract up to 30 April 2023. 3. Amos retailer, a debtor, was declared insolvent and liquidators paid all creditors 25 cents in the Rand (ie. 25% of the amounts owing). A deposit of R1 350 was made into our bank account and is included in the records above. However, the balance of the account must now be written off as a credit loss. 4. Assets need to be depreciated as follows; - Vehicles at 20% on the straight line method, and - Equipment at 10% on the reducing balance method. No Vehicles or Equipment were purchased or sold during the current financial year. 5. The Allowance for credit losses must be decreased by R300. 6. Interest on the fixed deposit is still outstanding. Investment in the fixed deposit was made on 1 March 2022 and will mature on 31 May 2024 . Record the outstanding interest. 7. Rent has been received from the tenant for the period 1 March 2022 to 31 March 2023. The tenant's monthly rent did not change for the period 1 March 2022 to 31 March 2023. 8. The Loan from Win Bank was taken on 1 July 2019. During the current financial year only a single payment of R37 500 was made on 31 August 2022 and was correctly recorded. The interest on the loan needs to be updated. 9. Rates and taxes includes a payment of R30 000 that was paid for the period 1 July 2022 to 30 June 2023. Required: Prepare the statement of profit or loss and other comprehensive income for the year ended 28 February 2023 for Amigo's Wholesalers. Use terminology and a format that complies with International Financial Reporting Standards (IFRS) for this type of entity. [25]