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Question 16 (30 marks) The following information relates to Queen Traders, Sunay Queen is the sole owner of the business. Ralances of Oueen Traders on

image text in transcribed Question 16 (30 marks) The following information relates to Queen Traders, Sunay Queen is the sole owner of the business. Ralances of Oueen Traders on 30 . Iu une 2023. NOTES: Income Tax calculations of 28% do not apply to this question. Required: 16.1 Prepare an Income Statement (Statement of Comprehensive Income) for Queen Traders for the year ended 30 June 2023. (15 marks) 16.2 Prepare a Balance Sheet (Statement of Financial Position) for Queen Traders for the year ended 30 June 2023 (15 marks)

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