The pre$-$adjustment trial balance of XYZ Limited is presented as follows:

Description Debit Credit Ordinary shares $200000$

$7,5\%$ preference shares $150000$

Retained earnings $147500$

Trade creditors $54750$

Plant and machinery $352000$

Motor vehicles $195000$

Office furniture $25600$

Trade debtors $42500$

Allowance for credit losses $1650$

Accumulated depreciation on plant and machinery $56850$

Accumulated depreciation on motor vehicles $34850$

Accumulated depreciation on office furniture $4520$

ABSA cheque account

$98523$

Petty cash

$3354$

Inventory

$6210$

Sale of goods

$656974$

Cost of sales

$268500$

Water and electricity

$12500$

Travelling and fuel

$8540$

Motor vehicle repairs and maintenance

$12580$

Telephone cost

$64850$

Salaries and wages

$198500$

Directors training

$12400$

Cleaning and consumables

$3568$

Staff welfare

$1489$

Printing and stationery

$980$

$1307094$

$1307094$

Additional information:

$1.$ A customer returned defective goods of R$5750.$ VAT of $15\%$ is levied per the Value Added Tax Act by XYZ Limited. The company has a $10\%$ markup rate.

$2.$ The municipal account amounting to R$1450$ was received on $14$ April $2023.$

$3.$ Repairs to the motor vehicle of R $3200$ was refunded through payroll and posted to the salaries and wages account.

$4.$ XYZ Trading adopted the periodic inventory system to account for the consumables. Consumables purchased during March $2023$ of R$5000$ was posted to the cost of sales account by the bookkeeper. The stock count concluded on $31$ March $2023$ valued the consumable inventory on R$4200.$

$5.$ Ordinary shares trades at R$2$ each. At reporting date, the shareholders declared a dividend of $5$c$.$ A prospectus offering $50000$ R$2$ ordinary shares and $10000$ R$10$ preference shares was advertised during March $2023.$ Mrs$.$ Flinch entered into an underwriters agreement with XYZ Limited for an agreed $3,5\%$ fee.

$6.$ The allowance for credit losses should equal $8\%$ of the debtors book at reporting date.

Required:

$2\mathrm{.}1$ Prepare the Statement of Comprehensive Income as at $31$ March $2023.$prepare a trial balance. statement of financial position as $31$ march $2023$ based on the reporting requirements of international financial reporting standards