From the following information of Blue Gen Hotel, you are required to prepare an Income Statement in a good form showing Departmental Profits, Gross Operating Income and Gross Operating Profit and Net Profit for the year ended 31st March 2005:

Net Sales `
Rooms 6,00,000 Food and Beverage Dept. 3,70,000 Cigar Stand 30,000 Transportation 60,000 Guest laundry 30,000 Telephone 31,000 Other Items:
Newspaper Advertisement 25,000 Guest Supplies in Rooms 26,000 Travel Agents commission on Room Rates 30,000 Contract Cleaning (Rooms) 17,000 Contract Cleaning (F&B Dept.) 3000 Electricity Charges 40,000 Laundry Supplies 4500 Miscellaneous Expenses (Rooms) 40,000 Miscellaneous Expenses (F&B) 4500 China and Glass (F&B) 12,000 Decoration (Banquet Room) 10,000 Stationery (Restaurant) 3500 Stationery (Cigar Stand) 1200 Food and beverage Consumed 140,000 Petrol charges 13,000 Silver–Rooms 12,000 Ground Rent 65,000 Guest laundry Bills 17,000 Store Rentals 30,000 Tobacco and Cigar consumed 17000 Stationery – Rooms 3000 Stationery – Transportation 2500 Stationery – Telephones 1000 Local call charges 20,000 Repairs to Buildings 16,000 Income from Concessionaires 32,000 Kitchen Fuel 16,000 Garden Maintenance 4000 Postage and Telegram 2500 Conveyance and Traveling 3000 Accountancy Charges 4500 Interest 3750 Menu Cards 1500 Kitchen utensils 1300 Bar Accessories 3000 Repairs and Maintenance to Plant 2750 Spares and Repairs to Cars 1350 Subscriptions to periodicals and Associations 2500 Rates and Taxes 27,500 License Fees for Lodging 3500 License Fees for Boarding 3500 Insurance 12,000 Depreciation 25,000 Shop Rentals 32,000 Salaries, Wages and Related Expenses Rooms 90,000 Food and beverage 65,000 Cigar Stand 3000 Transportation 9500 Guest Laundry 6500 Telephones 8000 Administrative and General 52,000 Heat, Light and Power 16,000 Repairs and Maintenance 7500 Advertising and Sales Promotion 8000