Use the trial balance, adjustments and additional information given below to prepare the Statement of Comprehensive Income of Groutville Traders for the year ended 28 February 2019.

PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2019

	Debit (R)	Credit
Balance sheet accounts section
Capital		289 000
Drawings	89 000
Vehicles at cost	370 000
Equipment at cost	280 000
Accumulated depreciation on vehicles		160 000
Accumulated depreciation on equipment		100 000
Fixed deposit: Sim Bank (10% p.a.)	60 000
Trading inventory	32 000
Debtors control	30 000
Bank	20 000
Petty cash	1 000
Creditors control		54 000
Mortgage loan: Sim Bank (18% p.a.)		100 000
Nominal accounts section
Sales		828 000
Cost of sales	330 000
Sales returns	14 000
Salaries and wages	180 000
Bad debts recovered		1 000
Commission income		52 000
Rent expense	65 000
Motor expenses	39 000
Advertising	25 000
Telephone	17 000
Electricity and water	19 000
Bank charges	3 000
Insurance	4 000
Interest on fixed deposit		3000
Stationery	9000
	1 587 000	1 587 000

Adjustments and additional information 1. On 28 February 2019 an amount of R5 000 was received from Stardom Manufacturers for commission on goods sold for them. No entry has been made for this transaction. 2. Trading inventory on hand according to stocktaking on 28 February 2019 amounted to R29 000. 3. Stationery unused according to stocktaking amounted to R2 000. 4. Provide for interest on fixed deposit of R3 000 that has not been received for the last six months of the financial year. 5. Provide for interest on mortgage loan for February 2019. The loan was obtained from Sim Bank on 01 February 2019. 6. Included in the insurance total is an amount of R800 that was paid for the next accounting period. 7. The telephone account for February 2019, R1 800, was due to be paid on 03 March 2019. 8. Rent has been paid until 31 March 2019. 9. The bank statement for February 2019 reflected an amount of R400 for bank charges. No entry has been made for this. 10. No entry has been made for an account received for an advertisement placed in a local newspaper, R1 300. 11. Write off the account of debtor, P. Stanton, who owed R3 200. 12. Provide for depreciation as follows: 12.1 On vehicles at 20% per annum using the diminishing balance method. 12.2 On equipment at 10% per annum on cost.