QUESTION 1 (10 Information below was extracted from the accounting records of Wentworth Traders. MARKS) REQUIRED: 1.1 Calculate the profit or loss on the disposed equipment. (04) 1.2 Complete the extract of the following note to the financial statements as at: 28 February 2023: Property, plant and equipment. (06) Information 1. On 1 March 2022, the following balances appeared, amongst others, in the books of Wentworth Traders: Equipment R90 000 Accumulated depreciation on equipment R39 000 2 A computer, cost price R10 000, was purchased and recorded 01 June 2022. I On 31 August, old equipment that cost R30 000 was sold on credit to S. Hunter for R5 000 . The accumulated depreciation on the equipment sold amounted to R25 000 ON 01 March 2022 4. Depreciation is calculated at 10% p.a on cost. The financial year ends on 28 February 2023