Prepare the income statement for Broomhill Ltd for the month of May.

Broomhill plc, produced the following cost statement for the manufacture of 500 'Federassi' tennis racquets during the month of May. 000s Direct materials Direct labour Prime cost Production overheads Production cost Selling and distribution costs Administration costs Total costs During May, the company sold 400 racquets for a cash price of 220 and 30 racquets on credit at a price of 230. Required: 80