South Africa Corporation has been in the business of delivering small packages for local companies within the City of Tshwane, since the year $2000.$ The following information concerning financial activities during $2022$ is available as at $31$ December $2022$:

Delivery revenue R$380,000$ Salary and wage expense R$82,000$

Dividends declared and paid $85,000$ Rent expense $43,000$

Buildings $140,000$ Land $60,000$

Accounts Receivables $40,000$ Accounts Payable $30,000$

Capital stock $105,000$ Retained earnings,

Water, gas, and $1$ January $202242,000$

Electricity $28,000$ Notes payable $34,000$

Cash $56,000$ Income tax expense $18,000$

$1.$ Prepare an income statement for the year ended $31$ December $2022.(9)$