The following additional information is given :

The company incurs a 35% income tax per year.

The company has a loan with an interest amount of R 1 975 per year

Instruction:

Using the information from the following budgets :

i. sales budget,

ii. cost of sales budget,

iii. purchase budget

, iv. selling and administration budget

Draw the budgeted income statement of VG butchery in rand value for the 2019 year.