The board has completed the strategy meeting for the year ended February $2023.$ You receive

the following targets:

Estimated Sales R$34,500,000$

Mark$-$up on cost $50\%$

Expenses to sales $21\%$

Estimated credit sales $80\%$ of sales

Estimated cash R$450,000$

Non$-$current assets turnover $2\mathrm{.}5$ times

Credit Purchases $70\%$ of cost of sales

Interest R$250,000$

Tax Rate $28\%$

Estimated inventory days $50$ Days

Estimated debtor days outstanding $60$ Days

Estimated creditors days $58$ Days

Capital Structure: Long term debt to Equity $0\mathrm{.}9$:$1$

Required:

The board ask you to draft the forecasted Statement of Comprehensive Income and the

Statement of Financial Position for the year ended Feb $2023.$