The following information was taken from the records of Jobs Ltd: Jobs Ltd Statement of comprehensive income for the year ended 31 December 20.20 R 490 000 Revenue Cost of sales (282 500) Inventory @ 1 January 20.20 31 000 Purchases 301 500 Inventory @ 31 December 20.20 (50 000) Gross profit 207 500 Distribution and administration expenses (99 000) Depreciation (19 000) Wages and salaries (60 000) Other expenses (20 000) Income from financial assets (dividends received) 13 000 (14 000) Finance costs Profit before tax 107 500 (36 000) Income tax expense Profit for the year 71 500 Jobs Ltd Statement of changes in equity for the year ended 31 December 2020 (Extract) Ordinary Retained Total earnings share capital R R 363 000 8 000 Balance at 31 December 2019 Issue of ordinary shares 20 000 Profit for the year 71 500 71 500 Dividends (47 500) (47 500) Balance at 31 December 2020 32 000 407 000 R 355 000 20 000 375 000 The following information was taken from the records of Jobs Ltd: Jobs Ltd Statement of comprehensive income for the year ended 31 December 20.20 R 490 000 Revenue Cost of sales (282 500) Inventory @ 1 January 20.20 31 000 Purchases 301 500 Inventory @ 31 December 20.20 (50 000) Gross profit 207 500 Distribution and administration expenses (99 000) Depreciation (19 000) Wages and salaries (60 000) Other expenses (20 000) Income from financial assets (dividends received) 13 000 (14 000) Finance costs Profit before tax 107 500 (36 000) Income tax expense Profit for the year 71 500 Jobs Ltd Statement of changes in equity for the year ended 31 December 2020 (Extract) Ordinary Retained Total earnings share capital R R 363 000 8 000 Balance at 31 December 2019 Issue of ordinary shares 20 000 Profit for the year 71 500 71 500 Dividends (47 500) (47 500) Balance at 31 December 2020 32 000 407 000 R 355 000 20 000 375 000