REQUIRED Prepare the Statement of Comprehensive Income of Dundee Traders for the year ended 28 February 2023. INFORMATION The pre-adjustment trial balance and additional information given below were extracted from the accounting records of Dundee Traders on 28 February 2023, the end of the financial year. DUNDEE TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2023 Debit (R) Credit (R) Balance sheet accounts section Capital 750 000 Drawings 325 000 Vehicles at cost 1 000 000 Equipment at cost 600 000 Accumulated depreciation on vehicles 455 000 Accumulated depreciation on equipment 195 000 Trading inventory 320 000 Debtors control 165 000 Provision for bad debts 5 000 Bank 70 000 Cash float 10 000 Creditors control 200 000 Loan: Leo Bank (15% p.a.) 400 000 Nominal accounts section Sales 2 500 000 Cost of sales 1 100 000 Sales returns 50 000 Salaries and wages 450 000 Bad debts 20 000 Consumable stores 10 000 Rent expense 195 000 Motor expenses 65 000 Bad debts recovered 5 000 Telephone 40 000 Electricity and water 50 000 Bank charges 15 000 Insurance 20 000 Interest on mortgage loan 25 000 Commission income 20 000 4 530 000 4 530 000 Adjustments and additional information 1. According to physical stocktaking undertaken on 28 February 2023, trading inventory on hand amounted to R300 000. 2. Consumable stores used during the financial year amounted to R9 500. 3. No entry has been made for a commission of 10% earned but not received on items that were sold for R125 000. 4. Received and recorded an amount of R3 000 from an insolvent debtor, K. Mariah, who owed R5 000. The balance of her account must now be written off. 5. The provision for bad debts must be increased by R3 250. 6. The telephone account for February 2023 was due to be paid on 03 March 2023, R4 000. 7. Rent has been paid for the period 01 March 2022 to 31 March 2023. Make the necessary adjustment. 8. The loan from Leo Bank was obtained on 01 September 2022. Provide for the outstanding interest. (Interest is not capitalised.) 9. The insurance total includes an annual premium of R7 500 that was paid for the period 01 July 2022 to 30 June 2023. 10. The bank statement for February 2023 reflected bank charges of R1 000 that was not recorded. 11. The electricity and water account was erroneously debited with an amount of R10 000 for the personal electricity account of the proprietor that was paid with the funds of the business. 12. Provide for depreciation as follows: 12.1 On equipment at 10% per annum on cost. 12.2 On vehicles at 20% per annum on the diminishing balance. 13. An account received from Honda Motors to repair the delivery vehicle of the business has not been recorded, R15 000.