THREE [35] The pre-adjustment trial balance of Fling Incorporated for the financial year ended 31 December 2021 presents the following balances: Description Debit Credit Motor vehicles 50 000 Accumulated depreciation on motor vehicles 5.000 Debtors control 45 000 Bank: ABSA 7 550 Bank: FNB 650 Equipment 25 000 Accumulated depreciation on equipment 2 100 15 600 Creditors control Share capital 3 000 Retained earnings 31 800 Rental income 13 000 Inventory: Finished products 8 500 Sale of goods 135 000 Water and electricity 8.800 Salaries and wages 55 000 Printing and stationery 6 300 206 150 206 150 Adjustments: 1. Rental income earned monthly amounts to R1 000. 2. Printing and stationery on hand as at 31 December 2021 amounted to R800. 3. 4. Cleaning expenses of R250 was incorrectly posted to the salaries and wages account. Discount of R150 was given to a debtor who settled her account before due date. 5. 6. 7. 8. The municipal account for December 2021 was not yet received. The monthly dues amount to R800. Defective inventory of R600 was returned by a customer. Mr Ralley's business was placed under curatorship. His lawyers indicated that he can only settle 20c in the rand on this account. His account balance at 31 December 2021 amounted to R4 000. Fling Incorporated adopted a policy to provide for 10% credit losses on the debtors accounts. Required: 3.1 Prepare the post-adjustment trial balance of Fling Incorporated for the financial year ended 31 December 2021. (20) 3.2 Prepare the Statement of Comprehensive Income of Fling Incorporated for the financial year ended 31 December 2021. (15)