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Guis company ltd sells standard lipsticks. The following information summarises guis operating activities for 2019 Selling and administrative expenses 49680 Purchases 78000 Sales revenue 138000

Guis company ltd sells standard lipsticks. The following information summarises guis operating activities for 2019

Selling and administrative expenses 49680

Purchases 78000

Sales revenue 138000

Inventory, 1 july 2018(beginning) 7500

Inventory, 30 june 2019(ending) 12360

prepare an income statement

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