2.34. Statementa tor the year ended 31ly 2022 The tolowing financal intormation is relevarpurposeбPre-adjustment trial balance as at 31 July 2022Trial balance for Dazzle Razzle as at 31 July 20221. AGcrued Epensesank nd CashFauipment 3. Consumable stores on hand 5, Inconmecomputer equptFurniture and FitingsLand and buildingsInsurance Rental incomeablesipmentCXocOsosTrading Stock1|PageConsumable expenseGOt of nalesTrial balance for Dazzle Razzle as at 31 July 2022Salaries and wagesAdiustments Revenue from the sale of goods Revenue from services renderedWater and electricity Dain advancearinc exoeneesOMesionadiuatment DrRand You Are required to:445 S00Rand33 45075 604756 0 00554 00032 500500 00067 897132 000Pre-adjustment Dr78 000656 000168 00017 561 243Pre adjustment GrRan 556 800Rand9 220 299 The following adjustments have not yet been processed in order to prepare the financial statementsfor the year ended 31 July 2022. Want tor this24 800Pre-adjustent Cr78 9007049 644568 8002. The Trading Stock count was performed on 31 July 2022. Inventory to the value of R129 500was counted. No entry has been made in respect of this figure.Prepare the post-adjustment trial balance for the year ended 31 July 202256 000On 31 July 2022, the insurance contract was renewed for the 12 months ending 31 July2023. The amount paid amounted to R 84 000. The entry that was passed in the accountingrecords on 31 July 2022 was a debit to insurance Expense (R 84 000) and a credit to Bank(R84 000).17 561 243The Water and electricity account for July 2022 is yet to be received. It is estimated that thewater and electricity usage for July 2022 amounted to R17 800. No entry has been putthrough in respect of the July 2022 water and electricity expense.Additional equipment was purchased on 1 May 2022. The invoice price amounted toR10 000 and other directly attributable costs that were necessary to bring the item to itslocation and condition so that it can be operated in the manner intended by managementamounted to R5 000. The cost of the equipment has been accounted for correctly. However,the depreciation on the item has yet to be calculated. Depreciation on the itemn is calculatedon a straight-line basis over a useful life of 5 years The residual value of the item amounted to R1000. On 1 July 2022, Dazzle Razzle purchased Computer equipment for R42 000 and theamount was recorded in the Computer equipment account. All the Computer equipment hasan expected useful life of ten years. Dazzle Razzle also purchased a new Motor vehicle forR110 000 on the same day that was recorded in the motor vehicle account. The estimateduseful life of the vehicle was five years. On 31 July 2022, Dazzle Razzle has not yetaccounted for the usage of the Computer equipment and Motor vehicles. On 31 July, Dazzle Razzle performed a count on the Consumables stores on hand and thevalue of R74 100 was counted. No cntry has been nade in respect of this figure.Using the post-adjustment rial balance from Question 1, prepare the statement ofcomprehensive income for the year ended 31 July 2022fron Question 1, prepare the statementchanges in equty for the year ended 31 July 2022Using the post-adjustment trial balance trom Question 1, prepare the statement ottinancial position as at 31 July 20221/3