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table [ [ Capital , 2 1 6 0 0 0 ] , [ Drawings , 1 5 0 0 0 ] , [

\table[[Capital,216000],[Drawings,15000],[10% Long-term loan (Secured by equipment),60000],[12% Investment at cost,40000],[Vehicles Cost,100000],[Equipment Cost,49000],[Accumulated depreciation vehicles,20000],[Creditors control,20000],[Debtors control,20000],[Irventory of consumables -31 March 2017,25000],[Bank (dr),40000],[Income from sales,80000],[Purchases,43000],[Purchases returns,5000],[Carriage onfurchases,10000],[Salaries and wages paid,2000],[General expenses,4000],[Interest expense,6000],[Rent paid,]]
Additional information:
Inventory on hand at 31 March 2018 amounted t R40 co0.
Depreciation on equipment must still be provided for at 12% per annum on cost price.
Depreciation on Vehicles must still be provided for at 10% per annum on reducing balance method.
Salaries and wages not yet paid for March zo18 amount to R2 O00.
You are required to:
Prepare the statement of profit and loss and other comprehensive income of Thompson Traders for the year ended 31 March 2018.
(75)
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