The KA Motel (KAM) has two operated departments: rooms and food. The following information is supplied to you as of December 31, 2020.

Account

Account Balance

Rooms department- salaries and wages

EUR 350,000

Food department- salaries and wages

EUR 200,000

Supplies and other- food department

EUR 40,000

Food purchases

EUR 220,000

Rental revenue (lobby space)

EUR 21,000

Room sales

EUR 1,400,000

Cost of food sold

?

Food sales

EUR 500,000

Food- allowances

EUR 3,000

Supplies and other- room department

EUR 50,000

Other information is as follows:

-The beginning and ending inventories of food were EUR 5,000 and 7.000 respectively. Food consumed by the food and A&G department employees during the year (free of charge) totaled EUR 2,000 and EUR 1,000 respectively.

-Fringe benefits and payroll taxes for all employees, including free food, are 30 percent of gross salaries and wages.

Required: Prepare the top portion- that is, the operated departments section- of the income statement according with the USALI.