Question 4 [28] - Vehicles at a rate of 20% on cost. The following information relates to Bhumi Traders: - Furniture and fittings at a rate of 10% using the reducing balance method. Pre-adjustment trial balance for the year ending 30 April 2023 3. After consideration of the trade receivables (debtors), it was decided to raise an allowance for credit losses, being 1% of outstanding debts. 4. The rent for May 2023, R3 450, was received and banked before 30 April 2023. 5. Interest earned on the fixed deposit is 3.5% per annum. 6. The insurance premium for May 2023, R2 370 , was paid in April 2023. 7. The telephone account for April 2023 was received late and has not been paid yet, R2 715. Required: Prepare the statement of profit or loss and other comprehensive income of Bhumi Traders for the year ended 30 April 2023. SHOW ALL YOUR CALCULATIONS. Additional information: 1. A physical stocktake was performed on 30 April 2023. The value of the stock on this date was R38 935. 2. Depreciation must be provided for as follows