QUESTION 2 (20 Marka REQUARED Pregere the Statement of Competente incerte Les Traders for the year troed2Fstaty2020 INFORMATION The trial balance, adestments and additional information on below were extracted from the accounting records of Leo Trades on 29 February 2020. the end of the Frencial your LEO TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 2 FEBRUARY 2020 bat Credit Balance sheet accounts section Cap 660000 Drawings 56 DOO Land and building 500 000 Vehicles at cost 369 000 Ens cost 264000 Autod depreciation on whics 211000 Accumulated depreciation on our 151000 Fond deposit Ta Bark 10%) 9000 Trading inventory 60 Detto conto 70 000 Poesion for bad dos 4 000 Bank 51000 1000 Creditors control 74000 Mongager: Tab Bank (10% DA 132 000 Nominal accounts section 830 000 Coel of Sales aus Salaries and ages Badets Sitionery Roland Motor openses Mange Telephone Electricity and water Bank charge Insurance sto more on Interest on food deposit Rent income 317000 5000 235 000 Y600 2000 20 000 12 000 9000 17 000 26 000 4000 6 000 6000 65.000 2133 000 2 133 000 Adjustments and additional information 1. Stationery, cost R300 was taken by the proprietor for her personal use. No entry has been made for this 2 Physical stocking on 29 February 2023 reflected the following retories 21 Trading inventory R57 000 22 Stationery R200 Larters, a debtor was declared insolvent Received an amount of R1500, which reported 60% of his debt from his insolvent state. This has been recorded. The balance of his account must now beton at 4. The presentar baddes must be decreased by R500 5. Rent income anus to Rs 000 per month. Mana the necessary met The water and deci sunt for February 2000 has been part. R2 500, but the payment BETONOposed to the elephone out The intendides a premium of R2400 that was paid for the period 09 December 2019 to Adjustments and additional information R200 * 1. Stationery, cost R300, was taken by the proprietor for her personal use. No entry has been made for this. 2. Physical stocktaking on 29 February 2020 reflected the following inventories: 2.1 Trading inventory R57 000 2.2 Stationery 3. H. Larkens, a debtor, was declared insolvent. Received an amount of R1 500, which represented 60% of his debt, from his insolvent estate. This has been recorded. The balance of his account must now be written off. 4. The provision for bad debts must be decreased by R500 5. Rent income amounts to R5 000 per month. Make the necessary adjustment. 6. The water and electricity account for February 2020 has been paid, R2 500, but the payment was erroneously posted to the telephone account. 7. The insurance total includes a premium of R2 400 that was paid for the period 01 December 2019 to 30 November 2020 . An amount of R200 appeared in the February 2020 bank statement for cash deposit fees. This amount was not recorded by the bookkeeper. 9. The investment in fixed deposit was made on 01 March 2019. Provide for the outstanding interest. 10. Provide for outstanding interest on loan, R1 120. 11. Provide for depreciation as follows: 11.1 On vehicles at 20% per year using the diminishing balance method. 11.2 On equipment at 10% per year on cost. 8