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.

The consolidated sales budget for the year is as follows in value:

Sales Budget for the year