O & P Retailers	Year Ended 31 May 2017
Motor vehicle running expenses	£1,350
Closing inventories	£4,200
Rent payable	£6,300
Motor vans – cost less depreciation	£7,300
Annual depreciation – motor vans	£1,900
Heat and light	£970
Telephone and postage	£510
Sales revenue	£99,000
Goods purchased	£69,200
Insurance	£760
Loan interest payable	£660
Balance at bank	£4,900
Salaries and wages	£10,700
Opening inventories	£4,400

Prepare a statement of income for the year ended 31 May 2017, including the calculation of total revenue and total expenses.