The year$-$end of Sweet Cravings Ltd$.$ is $31$ December $2023.$ The following information is presented to you: $1.$ The profit before tax for $2023$ was R$375000$ and the taxable income was R$396250.2.$ Profit before tax for $2023$ includes a tax fine of R$5000.3.$ The statement of financial position as at $31$ December $2023$ shows an income received in advance of R$10000.4.$ The rent expense is paid annually in advance on $1$ March. Rent payments were as follows: $1$ March $2022$: R$420001$ March $2023$: R$480005.$ On $1$ January $2021,$ Sweet Cravings Ltd$.$ purchased equipment with a cost price of R$150000.$ On $30$ September $2022$ additional equipment to the value of R$40000$ was purchased. On $31$ March $2023$ equipment with a cost price of R$15000,$ originally purchased on $1$ January $2021,$ was sold for R$8750.$ Depreciation is calculated at $25\%$ per annum on the straight$-$line basis. $6.$ The tax base of equipment was R$84000$ on $31$ December $2023$ and R$125000$ on $31$ December $2022.7.$ There are no other items which give rise to temporary or other differences, except for those indicated in the above$-$mentioned information. $8.$ Assume a tax rate of $28\%.$ YOU ARE REQUIRED TO: a$)$ Calculate the profit or loss on sale of equipment on $31$ March $2023.(4)$ b$)$ Disclose the equipment note to the statement of financial position at $31$ December $2023.$ Comparative figures are required. $(9)$ c$)$ Disclose the deferred tax note to the statement of financial position at $31$ December $2023.$ Comparative figures are required. $(9)$ d$)$ Disclose the income tax expense note to the statement of comprehensive income for the year ended $31$ December $2023.$ Comparative figures are not required. $(8)$