QUESTION FOUR: FINANCIAL STATEMENTS OF A COMPANY (25 MARKS) The following is a pre-adjustment trial balance of TTM Ltd on 31 December 2020. Additional information to be effected on 31 December 2020 : (1) Closing Inventory on 31 December 2020 amounted to R80 000. (2) Depreciate Equipment at 10% per annum on diminishing balance method. (3) Write off further Credit losses amounting to R2 000 . (4) Adjust Allowances for credit losses to 5% of Debtors. (5) Provide for the outstanding interest on loan at 10% per annum. (6) A final dividend of R14000 was declared on 31 December 2020. (7) Income taxation expense for the year amounted to R40 000 . REQUIRED: Prepare a Statement of Comprehensive Income for TTM Ltd for the year ended 31 December 2020 in compliance to the General Accepted Accounting Practices (GAAP). Comparative figures and notes are not required