Question: How do I complete this income statement? The following information pertains to a Hotel for the year 2016: Net rooms revenue: $1,050,000 Food and beverage

How do I complete this income statement?

The following information pertains to a Hotel for the year 2016:

Net rooms revenue: $1,050,000

Food and beverage revenue: $650,000

Telephone: revenue: $45,000; cost of sales: $15,000; payroll: $18,000

F&B Info: Beg. Inv = $75,000; End. Inventory = $55,000; Purchases =$190,000

There were no employee meals or complimentary meals given.

F&B Payroll: $200,000; F&B Other Expense: $125,000

Maintenance payroll: $75,000; other expense: $90,000

Rooms payroll: $150,000; other rooms expense: $120,000

A&G Payroll: $105,000; other expense: $50,000

Rent and Interest: $35,000 Depreciation: $75,000

Marketing Payroll: $85,000; other expense: $65,000

Energy Expense: $105,000

The income tax rate is 30%.

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