Q3-Prepare the Statement of Comprehensive Income of Omega Limited for the year ended 29 February 2024. INFORMATION The trial balance, adjustments and additional information given below were extracted from the accounting records of Omega Limited on 29 February 2024, the end of the financial year. BALANCE SHEET ACCOUNTS SECTION: Oridinary share capital CR 638000 Retained income CR 40000 Vehicles at cost DR 750000 Equipment at cost DR 440000 Accumulated depreciation on vehicles CR 150000 Accumulated depreciation on equipment CR 110000 Fixed deposit: Ben Bank (10% p.a) DR 60000 Trading inventory DR 38000 Debtors control DR 40000 Provision for bad debts CR 3000 Bank DR 24000 Petty cash DR 2000 Creditors control CR 50000 SARS-Company tax DR 60000 Loan: ben Bank (12% p.a) CR 100000 NOMINAL ACCOUNT SECTION Sales CR 1113000 Cost of sales DR 330000 Sales returns DR 20000 Salaries and wages DR 144000 Rent expenses DR 66000 Motor expenses DR 40000 Director fees DR 90000 Audit fees DR 28000 Telephone DR 18000 Electricity and water DR 24000 Bank charges DR 4000 Insurance DR 9000 Interest on loan DR 11000 Interest on fixed deposit CR 3000 Stationery DR 9000 TOTAL DR CR 2207000 Consider also Adjustments and additional information: 1. Trading inventory according to stocktaking on 29 February 2024 amounted to R36 000. 2. Stationery unused according to stocktaking amounted to R1000. 3. Interest on fixed deposit has been received until 31 August 2023. Provide for the outstanding interest. 4. Provide for outstanding interest on loan for the last month of the financial year. 5. Included in the insurance total is an annual premium of R2400 that was paid for the period 01 June 2023 to 31 May 2024. 6. The water and electricity account for February 2024 was due to be paid on 02 March 2024, R2000. 7. Rent has been paid for the period 01 March 2023 to 31 March 2024. Note: The rental increased by R1000 per month with effect from 01 March 2024. 8. The bank statement for February 2024 reflected an amount of R500 for service fees and cash deposit fees. No entry has been made for this. 9. No entry has been made for an account received from Sigma Motors for repairs to a vehicle, R5000. 10. An insolvent debtor paid Omega Limited R2000 which represented 40% of the amount owed. This has been recorded. The balance of his account must now be written off. 11. The provision for bad debts must be decreased to R2000.