Microsoft Corporation	Year Ended 30 June 2021
Vehicle expenses	£1,450
Closing inventory	£4,200
Rent payable	£6,300
Fleet vehicles – cost less depreciation	£7,300
Annual depreciation – fleet vehicles	£1,800
Heating and lighting	£940
Communication expenses	£520
Revenue from sales	£99,500
Cost of goods bought	£68,000
Insurance expense	£770
Loan interest	£640
Bank account balance	£4,800
Salaries	£10,500
Beginning inventory	£4,300

Prepare a detailed income statement for the year ended 30 June 2021, and determine the total expenses and net profit.