These balances were taken from the books of Amigo CC as at 30 June 20x2. Members contribution: Mpho (60%) 300 000 Jansen (40%) 200 000 Loan to members: Mpho 100 000 Jansen 60 000 Long-term loan 200 000 Loan from member Jansen 180 000 Property, plant and equipment 700 000 Net profit 1 July 20x1 200 000 Gross sales 2 2000 000 Cost of sales 900 000 Operating expenses 106 000 Long term-investment 500 000 Inventories 500 000 Account receivable 400 000 Bank 164 000 Accounts payable 250 000 Additional information: 1) Mpho and Jansen, the only members, contributed R300 000 and R200 000 respectively during the year. Theses transaction must still be recorded. 2) Interest on the loans is to be accrued as: a. To members 15% p.a b. From members 10% p.a 3) Included in the operating expenses were the salaries of R20 000 and R30 000 paid to Mpho and Jansen respectively. 4) Property, plant and equipment were revalued at R300 000 above their carrying value. 5) Members decided to distribute 80% of the profit. Tax must be provided at 28%. You are required to: 1) Prepare the statement of profit or loss & other comprehensive income for Amigo CC for the year ended 30 June 20x2. (5 marks) 2) Prepare the members net investment statement. (10 marks) <<<<<<<<<