The Potomac Hotel asked you to help prepare income statement for 2023. The following infomration is...

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The Potomac Hotel asked you to help prepare income statement for 2023. The following infomration is provided to you as of December 31, 2023. Account Tile Account Balance Insurance $5,000 Administrative & General 130,000 Salaries and Wages - Rooms 180,000 Salaries and Wages - Food 146,000 Supplies - Food 20,000 Rental Income Food Purchase Room Revenue Interest Income 38,000 55,000 1,380,000 1,000 Interest Expense 21,000 Beginning inventory 2,000 Cost of Food Sold ? Ending inventory 3000 Information & Telecommunication 32,000 Food Revenue 380,000 Marketing 110,000 Property Operation & Maintenance (POM) 43,000 Depreciation 30,000 Rent expense 18,000 Water 14,200 Heat 15,000 Power & Lights 12,000 Supplies and Other - Rooms 30,000 Property Taxes 12,000 Income tax 21% Requied: Prepare an income statement for 2023 for the Potomac Hotel The Potomac Hotel asked you to help prepare income statement for 2023. The following infomration is provided to you as of December 31, 2023. Account Tile Account Balance Insurance $5,000 Administrative & General 130,000 Salaries and Wages - Rooms 180,000 Salaries and Wages - Food 146,000 Supplies - Food 20,000 Rental Income Food Purchase Room Revenue Interest Income 38,000 55,000 1,380,000 1,000 Interest Expense 21,000 Beginning inventory 2,000 Cost of Food Sold ? Ending inventory 3000 Information & Telecommunication 32,000 Food Revenue 380,000 Marketing 110,000 Property Operation & Maintenance (POM) 43,000 Depreciation 30,000 Rent expense 18,000 Water 14,200 Heat 15,000 Power & Lights 12,000 Supplies and Other - Rooms 30,000 Property Taxes 12,000 Income tax 21% Requied: Prepare an income statement for 2023 for the Potomac Hotel