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).