Presented below is information related to Webster Company (amounts in thousands).

Instructions 

Prepare an income statement for the year 2015. Ordinary shares outstanding for 2015 total 40,550 (in thousands).

Transcribed Image Text:

Administrative expenses Officers' salaries Depreciation of office furniture and equipment Cost of goods sold 4,900 3,960 63,570 Rent revenue 17,230 Selling expenses Delivery expense 2,690 Sales commissions 7,980 Depreciation of sales equipment 6,480 Sales revenue 96,500 Income tax 7,580 Interest expense 1,860