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table [ [ Balance Accounts Section,, ] , [ Ordinary Share Capital,, 6 0 0 0 0 0 , 0 0 ] , [

\table[[Balance Accounts Section,,],[Ordinary Share Capital,,600000,00],[Retained Income,,232000,00],[Land and Buildings,891600,00,],[Vehicles @ Cost,170000,00,],[Equipment @ Cost,60000,00,],[Accumulated Depreciation: motor vehicles,,28000,00],[Accumulated Depreciation: equipment,,14000,00],[Long term loan: TB Bank (14%,,264000,00],[Debentures (13%),,200000,00],[Investment in BX (Pty) Ltd,48000,00,],[Trading Stock,100000,00,],[Debtors control,128000,00,],[Provision for bad debts,,2560,00],[Bank,114260,00,],[Creditors Control,,54260,00],[SARS Income tax,35000,00,],[Nominal Accounts Section],[Sales,,1066250,00],[Cost of sales,603800,00,],[Debtors allowance,18000,00,],[Salaries,120000,00,],[Motor expenses,3450,00,],[Interest on loan,36960,00,],[Discount allowed,3880,00,]]
\table[[Commission income,,24930,00],[Directors' fees,50150,00,],[Auditor's fees,13000,00,],[Dividends on ordinary shares,16000,00,],[Repairs,28160,00,],[Other operating assets,45740,00,]]
2486000,00,2486000,00
ADJUSTMENTS AND ADDITIONAL INFORMATION.
Trading inventory according to stocktaking on 31 December 2022 amounted to R99000.
The provision for bad debts must be increased b/ R1940.
Capital repayments totaling R24000 are payable on the unsecured loan from TB
Bank in the next financial year.
4. Depreciation must be provided for as follows:
4.1 On vehicles at 20% p.a. using the diminishing talance method;
4.2 On equipment at 10% p.a. on cost.
5. A dividend of 15% of the investment value has been declared by BX (Pty) Ltd. The dividend has not yet been received.
6. The authorised share capital consists of 600000 ordinary shares.
Note: On 01 July 20.20, the company increased the ordinary share capital by selling the remaining unissued 100000 shares at R1 each.
7. Debentures consist of 2000013% debentures o' R10 each, issued on 01 January 2020 and redeemable on 30 December 2027. The debertures are secured by a first mortgage bond over land. Provision must be made for the current year's interest.
8. The income tax for the year amounted to R30224.
9. The directors declared a final dividend of 10 cenis per share.
REQUIRED:
Use the information provided above to prepare the: Statement of Comprehensive Income for the year ended 31 December 2022.
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