You are the financial accountant at Smashit (Pty) Ltd. Smashit (Pty) Ltd is a tennis academy situated in Cape Town. As the June 2023 year-end is fast approaching, you have been assigned a junior accountant to assist you in the preparation of the 30 June 2023 annual financial statements. The junior accountant appointed is currem in her second year of studying for her B.Com (Accounting) degree and has be. introduced to the International Financial Reporting Standards (IFS) and Concept. I Framework in her accounting studies. You would like to assist her in becoming more familiar with and better understanding the Conceptual Framework, including the definitions and recognition criteria of the elements of the financial statements. You are required to complete the Excel template provided to the best of your ability based on the information and instructions provided, and you need to make use of Excel's functions as far as possible. Prepare the Statement of Profit or Loss and Other Comprehensive Income of Smashit (Pty) Ltd for the financial year ended 30 June 2023 in accordance with International Financial Reporting Standards. Hint: When preparing the statement, you will be required to make use of Excel functions to populate the figures from the trial balance. (refer to the profit and loss tab)