Given the income statement items of the company for the year ended December 31, 2018. (RM 000) Impairment charges 3,015 Cost of goods sold 129,364 Advertising 14,258 Net earnings/income 9,394 Interest expense 2,585 Interest income 422 Operating profit 19,243 Depreciation charges 3,998 Selling and administrative expenses 45,722 Gross profit 86,236 Net sales 215,600 Required: Using the above items, prepare the income statement of the company for the year ended December 31, 2020.
- Given the income statement items of the company for the year ended December 31, 2018.
(RM 000)
Impairment charges 3,015
Cost of goods sold 129,364
Advertising 14,258
Net earnings/income 9,394
Interest expense 2,585
Interest income 422
Operating profit 19,243
Selling and administrative expenses 45,722
Gross profit 86,236
Net sales 215,600
Required:
Using the above items, prepare the income statement of the company for the year ended December 31, 2020.
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