ASSIGNMENT QUESTION Kejora Sdn. Bhd. has the following Statement of Financial Position and Income Statement for financial year ended 31 December 2020 Statement of Financial Position RM000 RM000 Fixed Assets 3,000 Owner's Equity 1,195 Long term borrowings 2,000 Stocks 200 Trade Creditors 215 Trade Debtors 320 Other creditors 230 Cash 120 3,640 3,640 Income Statement RM 10,000 Net sales (all on credit terms) Cost of goods sold (6,000) 4,000 Gross profit (3,000) Operating expenses Operating income 1,000 Interest expense (200) Profit before tax 800 Corporate tax (224) Profit after tax 576 Industry Average Gross profit margin Debt ratio Operating profit margin Net profit margin Inventory turnover ratio Average collection period 30% 69% 10% 4% 35% 13 days As part of Kejora's plan to expand the firm's operations, its seek to invest in new plant equipment, estimated to cost RM2,000,000. As a result of the new investment, sales are expected to grow by 10% and operating profit margin is expected to improve to 15%. What is the expected new operating income of Berjaya in the new financial year after the investment in new plant and equipment