F. B. C. E. D. INFORMATION: A . Extract from the books on 30 June 2021: . Fixed/Tangible assets (carrying value) Fixed deposit Morocco Bank · Ordinary share capital (1 July 2020) Retained income (1 July 2020) Bank (favourable) Loan: Helping Bank Trading stock Debtors' control Creditors control Income received in advance SARS Income tax (provisional payments) Dividends on ordinary shares (interim dividends) Share capital: The business has an authorised share capital of 6 000 000 shares 70% of the shares were in issue on 1 July 2020. 60 000 ordinary shares were repurchased from a disgruntled shareholder on 1 December 2020 The company paid R3,50 per share. This was paid and recorded on 1 December 2020. A final dividend of 22 cents per share was declared on 30 June 2021. Only shares in the share register qualify for final dividends. 380 000 3 150 000 874 000 250 700 302 400 478 000 317 000 239 800 6 600 390 000 630 000 The following adjustments have not been taken into account yet: Provision for bad debts is set at 5% of the outstanding debtors. Insurance included an annual premium of R31 800, paid for the period 1 October 2020 to 30 September 2021. The loan statement from Helping Bank reflected the following: Balance on 1 July 2020 Repayments during financial year (including interest) Interest capitalised Balance on 30 June 2021 R480 000 R177 600 R57 600 ? R40 000 of the loan will be paid back in the next financial year. Income tax for the year amounted to R408 800. This was calculated at 28% of the corrected net profit.