1: Goddess resort has the following information for the year ending December 31, 2021: Sales: Room Food Beverage Depreciation Rent expense Insurance Property tax Cost of food sales Cost of beverage sales Repairs and maintenance Payroll: room Food Beverage Advertisement Cleaning services General admin expense Utility Income tax $ 500,000 320,000 280,000 82,000 22,000 24,000 9,000 35% of food sales 45% of beverage sales 5% of food sales 150,000 55,000 55,000 5% of total sales 12,000 18,000 50,000 12% Required: prepare the income statement for year ending december 31, 2021. (30 marks)