Mary has a general dealer business and uses the periodic inventory system to keep records of buying and selling goods. The following information was extracted from the accounting records for financial...

Mary has a general dealer business and uses the periodic inventory system
to keep records of buying and selling goods. The following information was
extracted from the accounting records for financial year ended 30 June 2020.

1. Trading inventory at 30 June 2021 was taken and valued at R203 400.
2. Neil took inventory worth R18 100 for his personal use. This has not been
recorded in the above accounting records.
3. Insurance on goods transported from suppliers for R7 400 is also not yet included
in the above information.

Required:
Prepare only the trading section of the Statement of profit or loss and other
comprehensive income for Mary’s General Dealers for the year ended
30 June 2021.

Extracted text: List of selected accounts at 30 June 2021 R Trading inventory : 1 July 2020 225 000 Purchases 916 400 Sales 1 668 800 Purchases returns 17 300 Sales returns 20 700 Settlement discounts received Settlement discounts granted 32 600 17 900 Transport inwards (from suppliers) 45 200 Transport outwards (to customers) 23 100