Question 4 (1?marks: 2/ minutes) These balances were taken from the books of Amigo CC as at 30 June 20x2. Members contribution: Mpho (60%) Jansen (40%) Loan to members: Mpho Jansen Long-term loan Loan from member - Jansen 300 000 200 000 100 000 60 000 200 000 180 000 700 000 200 000 2 2000 000 900 000 106 000 500 000 500 000 400 000 164 000 250 000 lant and equipment Net profit 1 July 20x1 Gross sales Cost of sales ting Long term-investment Inventories Account receivable Bank Accounts payable Additional information Mpho and Jansen, the only members, contributed R300 000 and R200 000 respectively during the year. Theses transaction must still be recorded. Interest on the loans is to be accrued as 1) 2) a. To members b. From members 15% p.a 10% pa Included in the operating expenses were the salaries of R20 000 and R30 000 paid to Mpho and Jansen respectively Property, plant and equipment were revalued at R300 000 above their carrying value Members decided to distribute 80% of the profit. Tax must be provided at 28% 3) 4) 5) You are required to: Prepare the statement of profit or loss & other comprehensive income for Amigo CC for the year ended 30 June 20x2. (5 marks) Prepare the members net investment statement. (10 marks) 1) 2) Question 4 (1?marks: 2/ minutes) These balances were taken from the books of Amigo CC as at 30 June 20x2. Members contribution: Mpho (60%) Jansen (40%) Loan to members: Mpho Jansen Long-term loan Loan from member - Jansen 300 000 200 000 100 000 60 000 200 000 180 000 700 000 200 000 2 2000 000 900 000 106 000 500 000 500 000 400 000 164 000 250 000 lant and equipment Net profit 1 July 20x1 Gross sales Cost of sales ting Long term-investment Inventories Account receivable Bank Accounts payable Additional information Mpho and Jansen, the only members, contributed R300 000 and R200 000 respectively during the year. Theses transaction must still be recorded. Interest on the loans is to be accrued as 1) 2) a. To members b. From members 15% p.a 10% pa Included in the operating expenses were the salaries of R20 000 and R30 000 paid to Mpho and Jansen respectively Property, plant and equipment were revalued at R300 000 above their carrying value Members decided to distribute 80% of the profit. Tax must be provided at 28% 3) 4) 5) You are required to: Prepare the statement of profit or loss & other comprehensive income for Amigo CC for the year ended 30 June 20x2. (5 marks) Prepare the members net investment statement. (10 marks) 1) 2)