The following information pertains to The Roses CC and covers questions 1 9: David and Patrick are the only members of a Close Corporation trading as The Roses CC (Roses CC). They both have an equal interest of 50% each in the CC. The CC has a 28 February financial year-end. You have been appointed by Roses CC as the accounting officer for the year ended 28 February 2023.The following information was presented to you by the CCs accountant: The Roses CC EXTRACT OF BALANCES AS AT 28 February 2023: The Roses CC R Member contribution:David 180000 Member contribution:Patrick 240000 Loan from David 60000 SARS (Dr) 6240 Allowance for credit losses 2400 Inventory (01 March 2022) 72000 Long-term loan : Redbank 134400 Prepaid expenses 4920 Accrued expenses 6480 Sales 648000 Sales return 22800 Purchases 238800 Delivery expenses on Sales 5904 Depreciation 5184 Rental income 6540 Purchases returns 4980 Salaries and wages 283692 Land and buildings at cost 576000 Debtors control