QUIRED

Use the information given below to complete the following financial staterents

$1\mathrm{.}1$ Statement of Comprehensive Income for the year ended $29$ February $2024.$

PRE$-$ADJUSTMENT TRIAL BALANCE AS AT $29$ FEBRUARY $2024$

$\backslash$table$[[$Raluncenchmol acosernterantion,Debil $($R$),$Credit $[$R$]],[$Balance sheat accosunts section,,$],[,,2449000],[$Land and buidings,$1064000,],[$Vehicles al const,$2850000,],[$Equipmentat cost$,1650000,],[$Accumulaled degreciaton on wehices,,$138000],[$Acrumulaled depreciaton on Bouipment,,$540000],[$Debbors control$/$Accounts recervatin,$400000,],[$Provisinn for bad cebts$/$Allowance for credil lasses,,$4000],[$Bank$,358\mathrm{.}000,],[$Credilors contrul'Acrounts payeble,,$615000],[$Morlgage loan: Mod Bank $[16\%$ p$.$a$.],,1060000],[$Nominal accounts section$],[],[$Sales$,,7425000],[$Saies retums,$45000,],[$Opening stnck$,750000,],[$Purchases$,3900000,],[$Selaries and wages,$1290000,],[$Bad debls,$15000,],[$Staticnery$,23000,],[$Rentexperse$,345000,],[$Motar expenses,$201000,],[$Bad debts recovered,,$13000],[$Telephone$,93000,],[$Electricily and water,$186000,],[,32000,]]$

$1\mathrm{.}2$ Statement of Financial Position as at $29$ February $2024.($Show the workings in

$(12$ marks$)$

brackets next to the relevant details.$)$

Note: Some of the amounts have already been entered in thelanswer book

INFORMATION

$(8$ marks$)$

The folowing trial balance, adjustments and additional information were extracted from the records of Aerostat

Traders for the financial year ended $29$ February $2024$: