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Reply Within half hr please Paragraph Styles Question 5 7 Marks Guis Company Ltd sells standard Lipsticks. The following information summarises Guis operating activities for

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Reply Within half hr please

Paragraph Styles Question 5 7 Marks Guis Company Ltd sells standard Lipsticks. The following information summarises Guis operating activities for 2019: Selling and administrative expenses $ 49 680 Purchases 78 000 Sales revenue 138 000 Inventory, 1 July 2018 (Beginning) 7500 Inventory, 30 June 2019 (Ending) 12 360 Required: Prepare an Income Statement for Guis Company for the Financial Year ending 30 June 2019

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