REQUIRED Use the trial balance, additional information and adjustments given below to prepare the Statement of Comprehensive Income of Selfie Limited for the year ended 28 February 2018 SELFIE LIMITED Balance sheet accounts section Ordinary share capital 121 700 Land and buildings at eost Equipment at cost 480 000 213 0000 Accumulated depreciation on vehicles Trading Debtors control Provision for bad 45 000 14 600 Loan: Pano Bank (18% pa.) South African Revenue Services 936 000 Cost of sales 356 000 Discount receivecd Electricity and water 37 000 44 000 Audit fees 190 000 Bank charges 26 000 ADDITIONAL INFORMATION AND ADJUSTMENTS According to physical stocktaking, the following inventories were on hand on 28 February 2018 Trading inventoryR42 000 Stationery R1 000 2. Advertising includes a payment of R6 000 for advertisements that will be published monthly for the period 01 January 2018 to 30 June 2018. 3. Part of the building has been let to a tenant since 01 March 2017. Rent amounts to R2 000 per month. Make the necessary adjustment. 4. Write off the account of debtor, P. Paul, R300 5. The provision for bad debts must be decreased to R2 500. 6. Directors' fees have been paid up to 31 January 2018. A third director was employed from 01 February 2018. The three directors earn the same remuneration. Provide for the fees still due 7. The loan from Pano Bank was obtained on 01 February 2018. Provide for the outstanding interest on loan. A notice from the municipality indicated that the rates assessment for the year ended 28 February 2018 has been finalised and it amounts to R24 000 for the financial year 9. Provide for depreciation as follows: * On vehicles at 20% per year using the diminishing balance method. 0n equipment at 15% per year on cost. * 10. The company tax for the year ended 28 February 2018 amounts to R40 140