Nandoni wholesalers Ltd is in the process of finalizing the business plan for 2025. The financial controller has a just finalized the preparation of their Statement of comprehensive income as part of the pack of Annual report for the period ended 31 March 2024. Draft Statement of comprehensive Income for Nandonin Wholesalers for period ended 31 March 2024 Revenue 25,637,000 Cost of Sales (12,867,000) Gross profit 12,770,000 Operating Expenses (6,174,000) Admin costs 3,524,000 Distribution costs 1,885,000 Selling costs 765,000 Profit before tax 6,596,000 Tax (@27%) (1,780,920) Net profit for the period 4,815,080 You have been requested to support the managerial finance executive in preparing the 2025 budget using the percentage of sales method The company expects all percentages to remain constant except that: i) They expect administration costs to increase by an extra R1 000 000 due to the leasing of a new administrative building. ii) During the period ended 2024, the company incured a was a once-off distribution cost of R500 000 as a placement fee for having a secured a new distribution channel. iii) This new distribution channel is expected to have a notable increase in the company's growth. lii) They expected turnover to be R40 000 000 for the year. Requirement: Prepare the 2025 budgeted Statement of comprehensive Income using the appropriate method.