9. Assume the property will be open 365 days Required: Prepare an income statement based on the USALL. Use Exhibit 4 as a guide. Round all figures to the nearest $1. Problem 25 The Kaminski Motel (KM) has two major operated departments: rooms and food. The following information is supplied to you as of December 31, 20X2: Account Accounts Balance Insurance (fire) $ Rooms Department-Salaries and Wages 90,000 Food Department --Salaries and Wages 60,000 Supplies and Other-Food Department 20,000 Food Purchases 65,000 Room Sales 550,000 Interest Income ? Cost of Food Sold Food Sales 250,000 Administrative and General -Salaries 60,000 Advertising 12,000 Maintenance ---Contract 40,000 9. Assume the property will be open 365 days Required: Prepare an income statement based on the USALL. Use Exhibit 4 as a guide. Round all figures to the nearest $1. Problem 25 The Kaminski Motel (KM) has two major operated departments: rooms and food. The following information is supplied to you as of December 31, 20X2: Account Accounts Balance Insurance (fire) $ Rooms Department-Salaries and Wages 90,000 Food Department --Salaries and Wages 60,000 Supplies and Other-Food Department 20,000 Food Purchases 65,000 Room Sales 550,000 Interest Income ? Cost of Food Sold Food Sales 250,000 Administrative and General -Salaries 60,000 Advertising 12,000 Maintenance ---Contract 40,000