Intel Corporation	Transactions for the Year Ended 30 June 2021
Transaction	Amount (£)
Sales revenue	350,000
Cost of goods sold	210,000
Salaries and wages	50,000
Rent expense	25,000
Depreciation expense	15,000
Marketing expense	12,000
Interest expense	6,000

Requirements:

1. Prepare an income statement for Intel Corporation for the year ended 30 June 2021.
2. Calculate the gross profit and net profit.
3. Determine the total operating expenses and net earnings.