Required Prepare the Statement of Comprehensive Income of NEXX Painters for the financial year ended 31 August 2022.

NEXX Painters has a financial year-end of 31 August 2022. The trial balance as at this date is provided as follows: Additional notes - The local municipality emailed the electricity account amounting to R2 300 on 11 September 2022. - The company uses the periodic inventory system to record their consumable inventory due to the insignificant issues on the account. Consumable inventory has not been assessed throughout the year and at year-end management valued the stationery on hand at R1750. - Discount received of R2 100 was incorrectly posted to the discount allowed account. - Clients are allowed to return any defective items within 30 days of purchase provided that the items are retumed in its original packaging, accompanied by proof of purchase. Mr. Brush, a standing customer, purchased goods of R1 400 which he was not entirely satisfied with, and retumed it within 30 days. The cost of the goods returned amounted to R1 000. - The final finished products stock count valuation was certified at R8 200 in applying the lower of cost or net realisable value valuation method. - The directors require a credit allowance of 15% at year-end. - The rental agreement with the tenant stipulates that the monthly rental of R2 200 escalated on 1 August 2022 with 8%. - The company uses the straight-line depreciation methods. Motor vehicles are depreciated at 15% and equipment at 22,5%. A trailer was purchased on 1 January 2022 for R10 000 . New equipment of R15 000 was purchased on 1 July 2022. - The final liquidation account of Mr. Shade, a customer, was received on 15 August 2022. The client's estate could only afford a payment of 45c in the rand on the client account of R3 750. The payment was received on 31 August 2022 but not yet recorded