Prepare a statement of Income and Expenses for APB Hotel in accordance with the USHA, based on the following ledger balances for the year ended September 30, 2005:

Heat, Light and Power Payroll and Related exp. 22,000 Fire Insurance 2400 Garage/Parking Lot Other Expense 400 Marketing – Payroll and Related Exp. 1000 Telephone – Net Sales 31,500 Repairs and Maintenance – Other Exp. 22,100 Repairs and Maintenance Payroll and Related exp. 11,300 Store Rentals 18,000 Property Taxes 16,500 Rooms–

Payroll Related Exp. 2,14,000 Room – Sales 8,27,000 Depreciation Exp. 1,38,000 Telephone – cost of calls 43,000 Food – Other Expenses 44,000 Garage/Parking Lot-
Payroll related exp 600 Telephone – payroll related Exp. 14,000 Administrative and General- Interest expense 67,000 Other expenses 1,05,000 Beverage – payroll Exp. 40,900 Garage/parking lot-
Cost of Sales 28,000 Beverage – Cost of Sales- 1,23,000 Other Income 24,150 Telephone – Other Exp. 1000 Food – payroll related Exp. 3,22,000 Marketing – Other Exp. 45,000 Beverage – Net Sales 2,09,200 Food – Sales 7,34,150 Heat, Light and Power- Provision for Income Tax 50%
Other Expenses 74,300 Food – Cost of Sales 3,13,000 Garage/parking lot – net sales 32,100 Beverage – Other exp. 9600