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The following balances were extracted from the books of Mopani Traders on 31 August 2022. You are given the following additional information: a) Inventory at 31 August 2022 was valued at N$27500. b) Rent of N$900 (included in the figure of N$3000 above) was prepaid at 31 August 2022. Page 24 of 25 FACULTY OF COMMERCE, MANAGEMENT AND LAW OLD CURRICULUM MODULES c) Motor expenses of N$1400 are to be accrued at 31 August 2022. d) A bad debt of N$200 is to be off. e) An allowance for credit losses is to be created at 6% of closing accounts receivable balance. f) Included in insurance there is an of N$1200 paid for an insurance premium for 1 January to 31 December 2022. g) The motor vehicle is depreciated on the straight-line basis assuming a life of four years and a residual value of N$5,000; the equipment is depreciated on the reducing balance basis using an annual rate of 30%. You are required to: 6.1 Prepare the statement of comprehensive incomes for the year ended 31 August 2022. (14 marks) 6.2 Prepare the statement of financial position as at 31 August 2022 (11 marks)