C & D Enterprises	Year Ended 30 June 2018
Motor vehicle running expenses	£1,300
Closing inventories	£3,200
Rent payable	£5,500
Motor vans – cost less depreciation	£6,800
Annual depreciation – motor vans	£1,600
Heat and light	£950
Telephone and postage	£500
Sales revenue	£98,000
Goods purchased	£69,000
Insurance	£780
Loan interest payable	£650
Balance at bank	£4,900
Salaries and wages	£10,800
Opening inventories	£4,200

Prepare a detailed income statement for the year ended 30 June 2018, and determine the cost of goods sold.