Presented below is information related to Webster plc (amounts in thousands).
Administrative expenses
Officers' salaries..............................................£ 4,900
Depreciation of office furniture and equipment............3,960
Cost of goods sold.............................................63,570
Rent revenue....................................................17,230
Selling expenses
Delivery expense................................................2,690
Sales commissions..............................................7,980
Depreciation of sales equipment..............................6,480
Sales revenue..................................................96,500
Income tax.......................................................7,580
Interest expense.................................................1,860
Instructions
Prepare an income statement for the year 2019. Ordinary shares outstanding for 2019 total 40,550 (in thousands).