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The following pre - adjustment trial balance was prepared for Astro Traders: Additional information: - The mark - up achieved is ( 1 6

The following pre-adjustment trial balance was prepared for Astro Traders: Additional information: - The mark-up achieved is \(160\%\) on cost. The correct gross profit is R14881600.- Packing materials used during the financial year was R39700.- Received and recorded R9750 from the insolvent estate of a debtor which paid out 65 cents in the rand. The remaining amount must be written off. - Adjust the allowance for credit losses to R9350.- One of the employees was on sick leave and was omitted from the Salaries Journal for December 2022. The salary payable to this employee was R38500.- The premises have been rented out for the past five years. The rent receivable for January 2023 has been received and recorded. The monthly rental has remained the same for the last year. - Loan: Wonder Bank Provide for interest of R212400 for the year ending 31 December 2022. This entry has not yet been processed. - An old delivery vehicle was sold for R88400 cash on 30 September 2022. This has been correctly recorded. Details of the delivery vehicle sold: Cost price R1980000 Accumulated depreciation on date of sale R115500- Provide for depreciation as follows: On vehicles at \(25\%\) p.a. on cost O On equipment: R90500 Required: Q.4.1 Prepare the Statement of profit or loss and other comprehensive income of Astro Traders for the year ended 31 December 2022.

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