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A business, Biscuits Now, sells biscuits and cakes to shops and private customers. Complete the income statement from the information given.

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debtors{debtors}
wages{wages}
cost of goods sold{goods}
office building owned{office}
van rental {van}
financing costs  {fin}
rent {rent}
tax  {tax}
sales{sales}
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Income statment
££
Revenue[[0]]
Less cost of goods sold[[1]]
Gross profit[[2]]
Less overheads/expenses
wages[[3]]
van rental[[4]]
rent[[5]]
Net profit[[6]]
Financing costs[[7]]
Profit before tax[[8]]
Tax[[9]]
Profit after tax[[10]]
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