The following information relates to the activities of H&S Retailers for the year ended 30 April 2021:

Prepare an income statement for the year ended 30 April 2021.

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Motor vehicle running expenses Closing inventories Rent payable Motor vans - cost less depreciation Annual depreciation - motor vans Heat and light Telephone and postage Sales revenue Inventories purchased Insurance Loan interest payable Balance at bank Salaries and wages Opening inventories £ 1,200 3,000 5,000 6,300 1,500 900 450 97,400 68,350 750 620 4,780 10,400 4,000