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You are employed as the management accountant of Mfundo Auto Dealers and your company incurred the following income and expenses for the year ending
You are employed as the management accountant of Mfundo Auto Dealers and your company incurred the following income and expenses for the year ending 28 February 2023. The tax rate is 27% Wages and salaries Water and electricity Sales returns Insurance Interest on savings account Advertising Packing materials Sales Credit losses recovered Rent paid Vehicle expenses Cost of sales Interest on overdraft Stationery Telephone R 95 000 00 30 560 00 5 000 00 13 000 00 740 00 10 900 00 4 100 00 600 000 00 5 300 60 000 23 100 195 000 820 5 760 4 000 00 00 00 00 00 00 00 8 8 8 8 8 8 8 8 Required: Prepare the statement of comprehensive income of your company for the year ended 28 February 2023
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