Tesla Inc.	Transactions for the Year Ended 31 December 2020
Transaction	Amount (£)
Sales revenue	210,000
Cost of goods sold	130,000
Salaries and wages	27,000
Utilities expense	8,000
Rent expense	14,000
Depreciation expense	6,000
Marketing expense	10,000

Requirements:

1. Prepare an income statement for Tesla Inc. for the year ended 31 December 2020.
2. Calculate the operating profit.
3. Determine the net profit after all expenses.