Question
Prepare an internal short form income statement based on the following data for hotel Sivad, inc. The data is for the year ended September 30,
Prepare an internal short form income statement based on the following data for hotel Sivad, inc.
The data is for the year ended September 30, 20XX.
Income of Revenue Centers:
Rooms $776,786
food and beverage 119,726
Telecommunications (15,610)
vending machine commisions 1500
Cash discounts earned 2700
Interest income 800
Expenses of Support Centeres:
Administrative and General 158,684
Marketing 48,209
property operations and maintenance 88,296
Other Expenses:
Utility costs 81,420
Rent 135,225
Property Taxes 55,650
Insurance 9,986
Interest 52,148
Depreciation and Amortization 115,860
Income Taxes 48,707
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