REQUIRED Use the relevant information from the transactions of GH Traders provided below to answer the following questions: 2.1 Calculate the total income, total expenses and net profit (loss) for the month ended 31 October 2023. (5 marks) 2.2 Prepare the Statement of Financial Position as at 31 October 2023. (15 marks) INFORMATION Date Transactions of GH Traders for October 2023 01 The proprietor of GH Traders deposited R300 000 into the bank account of the business as her capital contribution. 02 Purchased equipment and inventory by means of an electronic funds transfer (EFT) from Avo Wholesalers for R30 000 and R80 000 respectively. 03 Purchased stationery from KL Suppliers on credit for R1 500. 05 Withdrew R800 cash from the bank to be used as petty cash. 08 Sold goods on credit to K. Rogers for R2 000 (Cost of sales R1 400). 09 K. Rogers returned goods with a cost price of R350 and a selling price of R500. 12 Donated R3 000 inventory to the local secondary school. 14 Cash sales to date, R30 000 (Cost of sales R20 000). 18 Invested R20 000 in a fixed deposit account at an interest rate of 8% per annum for two years. 20 Purchased a portable air-conditioner on credit for R8 000. 21 A direct deposit was made into the bank account of GH Traders by RD Publishers for 100 books sold on their behalf. A commission of 12% on the books, which were sold for R80 each, was received. 24 Received 60% of the amount owed by debtor K. Rogers. Allowed him a discount of R40. 27 Paid R800 to creditor KL Suppliers in part settlement of account. 29 The proprietor drew R5 000 cash from the bank account of the business for her personal use. 30 Paid salaries of R15 000 by EFT. 31 The bank statement reflected bank charges of R500. Cash sale to date, R40 000 (Cost of sales R28 000).