The following financial information that has been provided by Lazydays Ltd, for the year ended 31 March 2010 (and the corresponding numbers for the year to 31 March 2009), construct an income statement, using the format adopted by the majority of UK PLCs, including comparative figures.

(a) Depreciation is to be included in administrative expenses

(b) Redundancy costs are to be regarded as an exceptional item to be included in administrative expenses

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2010 2009 Administrative expenses Depreciation 22,000 20,000 5,000 5,000 Closing inventories 17,000 15,000 Distribution costs 33,000 30,000 Dividends paid 32,000 30,000 Dividends received from non-related companies 5,000 5,000 Interest paid 10,000 10,000 Interest received 3,000 3,000 Opening inventories 15,000 10,000 Purchases 99,000 90,000 Redundancy costs 5,000 Sales revenue 230,000 200,000 Taxation 25,000 24,000