As at the financial year end 31st March 2022, the balances in the accounts of Prosport Limited are as follows:

Prepare the fully classified Income Statement only for Prosport Limited for the period ended 31st March 2022.

ACCOUNT $ '000s Cash 1,000 Sales Revenue 31,272 Trade Accounts Receivable 2,785 Audit Fees Expense 32 1,624 Prepayments Sundry Accounts Receivable Tax Receivable 68 2,156 Bank Overdraft 4,147 573 Business Marketing Expenses Trade Accounts Payable 2,552 Employee Remuneration Expenses 4,709 Accrued Liabilities 3,856 1,424 5,109 Repairs and Maintenance Other Expenses Employee Entitlement Expenses Lease Expenses on Vehicles 340 141 Bank Loan 118,000 165 700 Consulting Expenses Long-term Loan Interest Expense Notes Payable Loan 8,445 55,000 Tax Expense 185 Share Capital 28,647 Depreciation Expense 6,579 Retained Earnings 36,499