Miriam is a business consultant. She provided the following information at the end of her first year on 30 September 20–4.
                                                                         $
Office expenses ..................................   7,250
Wages ..................................                  27,500
Insurance ..................................             1,800
Rates ..................................                       800
Motor vehicle expenses ...............        1,840
Fees received from clients ..........      40,900
Commission receivable ............            5,600

The following information is also available:

1. The office expenses include stationery. On 30 September 20–4 the inventory of stationery was valued at $250.
2. It is estimated that half of the motor vehicle expenses relate to Miriam’s personal use. 

3. On 30 September 20–4:
Rates due amounted to $160
Office expenses due amounted to $45
Commission receivable outstanding amounted to $250.

4. The insurance covers a period of 15 months to 31 December 20–4.
5. Wages paid in cash, $115, have not been entered in the accounting records.

Prepare Miriam’s income statement for the year ended 30 September 20–4.