Procter & Gamble	Year Ended 31 March 2021
Vehicle expenses	£1,300
Ending inventory	£4,200
Rent costs	£6,100
Fleet vehicles – cost less depreciation	£7,200
Annual depreciation – fleet vehicles	£1,750
Utility expenses	£950
Postal and telephone	£500
Sales revenue	£98,500
Cost of goods purchased	£67,000
Insurance premiums	£780
Loan interest	£620
Bank balance	£4,800
Wages and salaries	£10,400
Opening inventory	£4,200

Prepare a detailed income statement for the year ended 31 March 2021, and determine the total expenses and net profit.