The following balances appeared in the general ledger of Vice Traders on 30 June 20.2: R Inventory (1 July 20.1). Sales.. Net purchases.. Customs duties... Carriage on purchases. Carriage on sales.. Settlement discount granted. Additional information: Inventory on hand on 30 June 20.2 is R20 000. 60 000 270 000 75 000 1 500 2000 500 3 000 What will the correct statement of profit or loss and other comprehensive income for the year ended 30 June 20.2 be? VICE TRADERS STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 20.02 R Sales Inventory (20 June 20.02) Gross profit Carriage on purchases Net purchas Inventory (1 July 20.1) Carriage on sales Revenue Cost of sales Customs duties Gross loss 148 500 151 500 20 000 1500 72 000 231 500 2 000 228 500 75 000 (118 500) 267 000 (20 000) (60 000) 38 500 270 000 500 267 500 60 000 (38 500) 266 500