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BSG Solutions buys and sells computer accessories and also offers computer training to business clients. The firm's financial year$-$end is $31$ December.BSG Solutions pre$-$adjusted trial balance as at $31$ December $2023$DrRCrRCapital$668635$Retained earnings$545585$Bank loan $(12\%)339840$Furniture and equipment, at cost$308161$Motor vehicles, at cost$531000$Investment: Fixed deposit account$178416$Inventory $(1$ January $2023)410640$Trade receivables$286457$Prepaid insurance$163123$Stationary on hand$53666$Cash at bank$316448$Trade payables$264226$Sales$1399008$Fees income$337008$Interest income$8921$Purchases$613128$Sales returns$60888$Drawings$96337$Carriage outwards $($delivery costs$)21948$Rent, water and electricity expenses$210701$Salaries and wages$178699$Advertising$30302$Telephone expenses$81420$Interest expense$40781$Additional Information;All the appropriate reversal entries were processed correctly on $1$ January $2023\mathrm{.}1.$ The bookkeeper has not recorded the following items relating to the financial year ended $31$ December $2023.*$ Stationary on hand on $31$ December $2023$ amounted to R $10478$ at cost$.*$ A telephone bill for R $5664$ relating to the month of December $2023$ was received on $4$ January $2024,$ and no entries had been made for it$.*$ A sales invoice for R $28320$ relating to computer accessories costing$*$ R $14160$ sold to Karoo Traders on $31$ December $2023$ had not been recorded.$*$ The prepaid insurance of R$163123($see the pre$-$adjustment trial balance$)$ includes an amount of R$101952$ paid on $31$ August $2023,$ covering the year from $1$ September $2023$ to $31$ August $2024.*$ The fixed deposit investment was made on $1$ May $2023$ and earns interest at $10\%$ per annum. The interest on this investment is received quarterly in arrears $($on $1$ August, $1$ November, $1$ February and $1$ May$)*$ The fees income of R $337008($refer to trial balance$)$ includes an amount ofR$32568($received in December $2023),$ which relates to computer training provided in January $2024\mathrm{.}2.$ The physical count concluded on $31$ December $2023$ revealed that inventory on hand had a cost of R $501440$ and a net realizable value $($NRV$)$ of R$494360.$Required:a$)$ Prepare the journal entries required to record each transaction on additional information point $1.$ No narrations are required.$(15$ marks$)$b$)$ Prepare the statement of comprehensive income for BSG Solutions for the year ended $31$ December $2023.(10$ marks$)$c$)$ Prepare the statement of financial position for BSG Solutions as at $31$ December $2023.(15$ marks$)$Round off answers to the nearest rand.

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