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 budget figures have provided by mentos limited for the year ended 31December 2023:

R

sales (60%cash;40% credit 2 700 000 cost of sales 1 080 000 administrative and selling 810 000 expenses

interest expenses 30 000 profit before Tax 780 000 profit after tax 569 400

the following forecasts were made for 2024

1. cash sales are expected to increase by R20% whilst credit sales are expected to increase by 30%.

2. the gross margin ratio is expected to increase by 5 percent point.

3. administrative and selling expenses will represent the same percentage of sales 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 ad for 2023.