Retained income $31$ March $202480476$ Sales $236000$ Purchases $93338$ Import duty $14160$ Salaries $29736$ Rent $19234$ Interest $3540$ General expenses $26786$ Profit $35990$ On investigation of the above statement of comprehensive income, you discover the following; $1.$ The bookkeeper had not journalized the reversing entry for the accrual at $31$ March $2024$ of rent paid in advance of R$3540$ and sales received in advance of R$7870.$ Both these amounts are related to April $2023.$ All other reversing entries have been processed. $2.$ Interest represents payments of interest for the year on a loan of R$35400.$ The interest rate is $15\%$ per annum, and there have been no repayments during the year. $3.$ The inventory per the statement of financial position at $31$ March $2023$ was R$7420,$ which represented $70$ speakers valued at R$106.4.$ There were $80$ speakers on hand at $31$ March $2024.$ Of these, $8$ were considered worthless. Jack Solutions accounts for inventory on the periodic using the FIFO basis of allocating costs.

$5.$ The purchases and purchase returns records for the year were as follows;

Purchases

July

$330$ units at R$100$ each

October

$375$ units at R$110$ each

January

$118$ units at R $120$ each

March

$25$ units at R$130$ each $($after trade discount$)$

Purchase returns

July

$47$ units at R$100$ each

March

$10$ units at R$130$ each

$6.$ A Chinese supplier entered the market in late March and was selling its speakers at R$177$ each. The normal selling price of Jack was R$236.$

$7.$ In March $2024,$ a carton of $10$ speakers purchased in March was stolen. Jack is not insured for losses of this nature.

prepare the statement of comprehensive income for the year ended $31$ march $2024$