Prepare the Statement of Comprehensive Income of Omega Limited for the year ended $29$ February $2024.$

INFORMATION

The trial balance, adjustments and additional information given below were extracted from the accounting records of Omega Limited on $29$ February $2024,$ the end of the financial year.

OMEGA LIMITED

PRE$-$ADJUSTMENT TRIAL BALANCE AS AT $29$ FEBRUARY $2024$

Debit $($R$)$ Credit $($R$)$

Balance sheet accounts section

Ordinary share capital $638000$

Retained income $40000$

Vehicles at cost $750000$

Equipment at cost $440000$

Accumulated depreciation on vehicles $150000$

Accumulated depreciation on equipment $110000$

Fixed deposit: Ben Bank $(10\%$ p$.$a$.)60000$

Trading inventory $38000$

Debtors control $40000$

Provision for bad debts $3000$

Bank $24000$

Petty cash $2000$

Creditors control $50000$

SARS $$ Company tax $60000$

Loan: Ben Bank $(12\%$ p$.$a$.)100000$

Nominal accounts section

Sales $1113000$

Cost of sales $330000$

Sales returns $20000$

Salaries and wages $144000$

Rent expense $66000$

Motor expenses $40000$

Directors$$ fees $90000$

Audit fees $28000$

Telephone $18000$

Electricity and water $24000$

Bank charges $4000$

Insurance $9000$

Interest on loan $11000$

Interest on fixed deposit $3000$

Stationery $9000$

$22070002207000$

Adjustments and additional information

$1.$ Trading inventory according to stocktaking on $29$ February $2024$ amounted to R$36000.$

$2.$ Stationery unused according to stocktaking amounted to R$1000.$

$3.$ Interest on fixed deposit has been received until $31$ August $2023.$ Provide for the outstanding interest.

$4.$ Provide for outstanding interest on loan for the last month of the financial year.

$5.$ Included in the insurance total is an annual premium of R$2400$ that was paid for the period $01$ June $2023$ to $31$ May $2024.$

$6.$ The water and electricity account for February $2024$ was due to be paid on $02$ March $2024,$ R$2000.$

$7.$ Re