Procter & Gamble	Transactions for the Year Ended 31 March 2021
Transaction	Amount (£)
Sales revenue	190,000
Cost of goods sold	115,000
Salaries and wages	26,000
Rent expense	13,000
Depreciation expense	6,000
Utilities expense	8,500
Office supplies expense	4,500

Requirements:

1. Prepare an income statement for Procter & Gamble for the year ended 31 March 2021.
2. Calculate the gross profit and net profit.
3. Determine the total operating expenses and net income after expenses.