I & J Wholesalers	Year Ended 30 June 2019
Vehicle expenses	£1,300
Closing stock	£3,900
Rent costs	£6,300
Delivery vans – cost less depreciation	£7,200
Annual depreciation – delivery vans	£1,850
Heating costs	£950
Communication expenses	£520
Sales turnover	£100,500
Cost of goods bought	£68,000
Insurance expense	£800
Interest on loans	£650
Bank account balance	£4,700
Wages and salaries	£10,500
Initial stock	£4,300

Prepare a profit and loss account for the year ended 30 June 2019, and determine the gross profit and net earnings.