E3.5 (LO 2, 3) (Income Statement) 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 2025. Ordinary shares outstanding for 2025 total 40,550

(in thousands).