Listed below is financial information for the Harby Hotel for the year ended December 31, 202 ment 141 - Equipment sold cost $15,000 and had been depreciated by $8,000. *. This has already been recorded as an expense in the appropriate departments, except in the determination of the cost of food sold. Required: 1. Determine the cost of food sold. 2. Prepare a summary income statement following the format of Exhibit 4