QUESTION $3$REQUIREDPrepare the Statement of Comprehensive Income of Omega Limited for the year ended $29$ February$2024.$INFORMATIONThe trial balance, adjustments and additional infomation given below were extracted from theaccounting records of Omega Limited on $29$ February $2024,$ the end of the financial year,OMEGA LIMITEDPRE$-$ADJUSTMENT TRIAL BALANCE AS AT $29$ FEBRUARY $2024$Balance sheet accOunts sectionOrdimary share capitalRetained incomeVehices at costEquipment at costAccumulated depreciation on vehiclesAccumulated depreciation on equipmentFixed deposit Ben Bank $(10\%$ p$.$aTrading inventoryDebtors controlProvision for bad debtsBankPetty cashCreditors controlSARS$-$Company taxLoan: Ben Bank $(12\%$ p$.$a$)$Nominal accounts sectionSalesCost of salesSales retuns$1212\mathrm{.}112213.$Provide for depreciation as follows:On vehicles at $20\%$ per annum on the diminishing balanceOn equipment at $10\%$ per annum on costAn amount of R$17583$ was overpaid to SARS for company tax.Debit $($R$)750000440000|600003800040000(20$ Marks$)24000$WO$200060000$Credit $($R$)6380004000015000011000030005000010000030$ O$00|$NN$200001111300089101161$Salaries and wagesRent expense$23$Motor expensesDirectors' feesAudit feesInterest on fxed depositStaicneryTelephonelecticty and waterAdjustnents and additional informationBank chargesInsuranceInferest on loanREQUIRED$14400066000$Stationery unused according to stocktaking amounted to R$1000400009000028000$QUESTION $41800024000400090001100190002207000$Trading inventory according to stocktaking on $29$ February $2024$ amounted to R$36000.$Provide for outstanding interest on loan for the last month of the financial year$\mathrm{.}2207000$Interest on fixed deposit has been received until $31$ Auqust $2023.$ Provide for the outstandinginterest$\mathrm{.}3000$Included in the insurance total is an annual premium of R$2400$ that was paid for the period$01$ June $2023$ to $31$ May $2024.$The water and electricity account for February $2024$ was due to be paid on $02$ March $2024$R$2000$Rent has been paid for the period $01$ March $2023$ to $31$ March $2024.$ Note: The rentalincreased by R$1000$ per month with effect from $01$ March $2024.$The bank statement for February $2024$ reflected an amount of R$500$ for service fees andcash deposit fees No entry has been made for this.No entry has been made for an account received from Sigma Motors for repairs to a vehicle,R$5000$An insolvent debtor paid Omega Limited R$2000$ which epresented $40\%$ of the amountowed This has been recorded. The balance of his account must now be written of$.$The provision for bad debts must be decreased to R$2000(20$ Marks$)$Prepare the Cash Flow Statement of Concha Limited for the year ended $31$ December $2023$