Use the information provided below to prepare the Pro$-$forma Statement of Comprehensive Income of Mentos Limited for the year ended $31$ December $2024.$

Note: The statement must include the gross profit, operating profit, profit before tax and profit after tax.

INFORMATION

The following budgeted figures have been provided by Mentos Limited for the year ended $31$ December

$2023$:

R Sales $(60\%$ cash; $40\%$ credit$)2700000$

Cost of sales $1080000$

Administrative and selling expenses $810000$

Interest expense $30000$

Profit before tax $780000$

Profit after tax $569400$

The following forecasts were made for $2024$:

$1.$ Cash sales are expected to increase by $20\%$ whilst credit sales are expected to increase by $30\%.$

$2.$ The gross margin ratio is expected to increase by $5$ percentage points.

$3.$ Administrative and selling expenses will represent the same percentage of sales as for $2023.$

$4.$ A new loan will be taken and the interest expense will increase by $30\%.$

$5.$ The company tax is calculated as a percentage of the profit before tax and the tax rate is the same as for $2023.$