Trade payables 3 / 7 119% 40 000 515 000 515 000 The following transactions were recorded during December 2019: 19122 20 Inventory with a cost price of R75 000 were sold for R100 000 to XYZ stores on credit. Mr Smith withdraws R50 000 from the business account for personal use. Printer cartridges worth R4 000 is bought on credit from MegaPrint. Rent is paid R5 000 cash. Inventory worth R60 000 is sold for R100 000 cash to Mr King, their biggest customer. REQUIRED: 1.1 Prepare the statement of comprehensive income for the month ended December 2019. Ignore depreciation. 3.2 Prepare the statement of financial position for the month ended December 2019. Type here to search HE a es