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Deleon holding has recorder sales revenues of 300,000,000 $ and operating income of 10,000,000 $ last month. Opening inventory and ending inventory of the month
Deleon holding has recorder sales revenues of 300,000,000 $ and operating income of 10,000,000 $ last month. Opening inventory and ending inventory of the month were 50,000,000 $ and 30,000,000 $ respectively. Total purchases of the month were 80,000,000 $, with freight-in and import duty adding another 220,000 $. During the month Deleon holding also incurred selling and administrative expenses of 25,000,000 $ Prepare Deleon's income statement
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