THE FOLLOWING INFORMATION WAS EXTRACTED FROM THE RECORDS OF UNITY SUPPLIERS

$2$

$8$

$$FEBRUARY

$2$

$0$

$2$

$0$

R

Inventory

$($

$1$

$$March

$2$

$0$

$1$

$9$

$)$

$4$

$3$

$0$

$0$

$0$

Trade receivables

$1$

$5$

$0$

$0$

$0$

$0$

Trade payables

$6$

$5$

$0$

$0$

$0$

Purchases

$1$

$7$

$4$

$0$

$0$

$0$

Purchases returns

$4$

$1$

$0$

$0$

Settlement discount granted

$3$

$2$

$1$

$7$

Freight on sales

$1$

$4$

$1$

$0$

$0$

Sales returns

$2$

$3$

$0$

$0$

Insurance expenses

$4$

$8$

$1$

$6$

$0$

Settlement discount received

$1$

$0$

$0$

$0$

Allowance for credit losses

$1$

$9$

$0$

$0$

Allowance for settlement discount granted

$4$

$5$

$0$

$0$

Carriage on purchases

$2$

$0$

$0$

Insurance on purchase

$1$

$3$

$0$

$0$

Bank

$1$

$1$

$2$

$5$

$8$

$0$

Additional information:

$1$

$.$

$$On

$2$

$8$

$$February

$2$

$0$

$2$

$0$

$$the inventory on hand amounted to R

$6$

$5$

$0$

$0$

$0$

$2$

$.$

$$Included in the amount of inventory on hand is consumables and stationery amounting to R

$2$

$0$

$8$

$0$

$$and

R

$8$

$0$

$0$

$3$

$.$

$$The owner took some of the stock bought for R

$3$

$8$

$0$

$0$

$$as a gift for his aunt.

$4$

$.$

$$Unity Supplies were offered a discount of

$1$

$0$

$\%$

$$on an amount of R

$9$

$5$

$0$

$0$

$$owing to a supplier provided

the supplier is paid before

$2$

$8$

$$February

$2$

$0$

$2$

$0$

$.$

$$Unity Supplies intends taking the advantage of the

discount offered.

$5$

$.$

$$Unity maintains a mark

$-$

up on sales

$($

margin

$)$

$$of

$4$

$0$

$\%$

$.$

$6$

$.$

$$The balance of the allowance for settlement discount granted account on

$1$

$$Jan

$2$

$0$

$2$

$0$

$$must be written

back since the trade debtor to whom the discount offering pertained did not settle his account as

required. On

$3$

$1$

$$December

$2$

$0$

$2$

$0$

$,$

$$a trade debtor who owes R

$3$

$4$

$0$

$0$

$0$

$$was offered a

$5$

$\%$

$$settlement

discount, on condition that she settles her account before

$1$

$5$

$$January

$2$

$0$

$2$

$1$

$.$

$$This offering must still be

provided for.

Required

Determine the Revenue Amount for the year ended

$2$

$8$

$$February

$2$

$0$

$2$

$0$

$.$