Jones, Jackman and Johnson are partners in the consulting firm of Triple J Partners. The balance sheet of the partnership as at 30 June 2015 is set out below.

Triple J Partners Balance sheet as at 30 June 2015
Current assets
Cash at bank	$38,300
Accounts receivable	34,700
Inventory	49,600	$122,600
Non-current assets
Plant and equipment	94,200
Office furniture	37,200	131,400
254,000
Current liabilities
Accounts payable (for purchases)	$24,000
Equity
Partner's capital accounts: Jones	$68,200
Jackman	64,500
Johnson	67,000	199,700
Partner's retained earnings: Jones	10,200
Jackman	10,200
Johnson	9,900	30,300
254,000

It was agreed that all profits be divided equally between the partners.

Business transactions for the year were as follows (ignore GST).

Sales	$457,100
Cash receipts:	$459,200
Sales collected
Cash payments:
Purchases	272,800
Salaries	62,000
Office expenses	23,700
Operating expenses	42,200
Drawings: Jones	11,610
Jackman	12,100
Johnson	11,400
$435,810

Inventory at 30 June 2016 was $48,000 and accounts payable was $22,300.

Non-current assets are depreciated at 10% per annum.

prepare a income statement