Question 11. After a year-end inventory count, the value of trading inventory on hand was R123 450 . Additional information After a year-end inventory count, the value of trading inventory on hand was R123 450 . Additional information (a) On 1 April 2020 Kumkani Traders bought a factory building by means of a mortgage. from Ginsberg Bank, that bears interest at a rate of 1005% per annum compounded annually. The loan is redeemable in 20 annual instalments of R22 980. The interest for the current year must still be provided for. (b) The fixed deposit investment of R50 000 was made on 1 April 20.20. Interest on this investment Is paid annually. c). On 30 January 2020 , Kumkani Traders decided to lease out the office space for a monthly rental amount of R2 200 . The rental amount is paid in advance on the last day of each month. (d) Mr Biko, the owner of Kumkani Traders, made additional capital contributions of R50 000 an 7 June 20.20. On 30 September 20.20 he needed additional funds, so he withdrew R15 000 in cash from the business. (e) After all the adjustments were taken into account the total comprehensive income for the year was R33 280. (i)Calculate the interest expense to be disclosed on the mortgage. (ii) Use the information in the pre-adjustment trial balance and the additional information to calculate the interest on fixed deposit for the year ended 30 September 2020. iii) Determine the revenue amount to be disclosed in the income statement iv) Determine the cost of sales. v) Show the correcting year end journal entry adjustment for rental income and determine the effect on the BAE. vi) Draw up the capital account as it would appear in the general ledger after year end process have been completed