$\backslash$table$[[$Property$,1300000,],[$Fumiture and Equipment $($carrying value$),925000,],[$Investments$,150000,],[$Bank$,35000,],[$Trade receivables,$222000,],[$Inventory$,201000,],[$Ordinary share capital $(600000$ shares$),,1200000],[$Retained earnings $(1$ January $2021),,210000],[$Revaluation surplus $(1$ January $2021),225000,],[14\%$ Loan from SABA Bank,,$100000],[$Trade payables,,$90000],[$Current tax payable,,$152000],[$Sales$,,4900000],[$Dividend income,,$55000],[$Interest income,,$15000],[$Profit on disposal of equipment,$3020000,20000],[$Cost of sales,$360000,],[$Distribution costs,$72000,],[$Operating costs,$330000,],[$Administrative costs,$352000,696000],[$Tax expense,$6967000,],[,,]]$

Additional information:

On $31$ December $2021$ it was estimated that the inventory has a net realisable value of $R180000.$ No entries have yet been made for this.

The loan from SABA Bank was acquired on $1$ January $2020$ and is repayable in full on $1$ January $2022.$ The Interest is payable annually in arrears on $1$ January. Provide for the interest outstanding on the loan for the current financial period.

On $31$ December $2021$ the property was re$-$valued upwards by $R300000$ using the replacement value method. This revaluation still has to be recorded.

On $1$ December $2021,$ Kinta Baloyi Ltd received cash for $125000$ shares issued at R$2$ each, and all the shares were allotted on this day. This issue has not yet been recorded.

s$.$ On $31$ December $2021$ the directors declared a dividend of $20$ cents per share on all the issued shares, including those issued on $1$ December $2021.$ No entries have yet been made for this.

In drafting the trial balance, all the expenses of Kinta Baloyi Limited had been allocated to the following four functions:

$.$ Cost of sales,

Distribution costs,

Operating costs, and

Administration costs

The above costs reflected on the trial balance include the following:

Depreciation on the sales department equipment, R$55000$

Depreciation on the office furniture and equipment, R$65000$

Salaries of the sales staff, R$220000$

Salaries of the office staff, R$200000$

REQUIRED:

a$).$ Prepare general joumal entries on $31$ December $2021$ for additional information numbers $1,2,3,4$ and $5.$ You are not required to prepare the closing transfers for the write down of inventory and ordinary dividends accounts. $($Dates and narrations may be omitted.$)$

b$).$ Prepare the statement of comprehensive income of Kinta Baloyi Limited for the year ended $31$ December $2021$ in conformity with International Financial Reporting Standards. $($Show your calculations in brackets.$)$

$(6)$

c$.)$ Prepare the statement of changes in equity of Kinta Baloyi Limited for the year$-$ended $31$ December $2021$ in conformity with International Financial Reporting Standards.

d$).$ Prepare the statement of financial position of Kinta Baloyi Limited at $31$ December $2021$ in conformity with International Financial Reporting Standards. $($Show your calculations in brackets.$)$

$(7)$

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