A & B Traders	Year Ended 30 November 2019
Vehicle expenses	£1,250
Closing inventory	£3,700
Rent expense	£5,900
Fleet cost less depreciation	£7,000
Depreciation – fleet	£1,700
Utility bills	£920
Phone and postage	£510
Sales revenue	£99,500
Purchase cost	£67,200
Insurance costs	£770
Loan interest	£620
Bank cash	£4,500
Staff wages	£10,200
Starting inventory	£4,300

Prepare a statement of profit or loss for the year ended 30 November 2019, and determine the gross profit and net earnings.