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Listed below is financial information for the Harby Hotel for the year ended December 31, 202 : The Income Statement sy $8,000. This has already

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Listed below is financial information for the Harby Hotel for the year ended December 31, 202 : The Income Statement sy $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 . Listed below is financial information for the Harby Hotel for the year ended December 31, 202 : The Income Statement sy $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

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