The Wilson Motel has two major operated departments: rooms and food. The following information is supplied as of December 31, 2016 Account Account Balance Rooms Sales 380,000 Food Sales 180,000 Interest Income 1,000 Rooms Department - Salaries and Wages 80,000 Supplies and Other - Rooms Department 30,000 Food Department - Salaries and Wages 60,000 Other Expenses - Food Department 20,000 Food Purchase 55,000 Cost of Food Sold Administrative and General - Wages 50,000 Administrative and General - Other Expense 10,000 Advertising 10,000 Maintenance - Expense 30,000 Heat 15,000 Power and Lights 12,000 Property Taxes 12,000 Insurance (Fire) 5,000 Depreciation 50,000 Amortization of Franchise Fee 2,000 Interest Expense Other information is as follows: a. The Wilson Motel borrowed $50,000 on January 1, 2016, at 10 percent interest rate and no payment were made during 2016. b. The beginning and ending inventories of food were $20,000 and $30,000, respectively. Food consumed by the Food and Rooms department employees during the year (free of charge) totaled $500 and $300, respectively. C. Fringe benefits and payroll taxes for all employees, excluding free food, are 20 percent of gross salaries and wages. d. The Wilson Motel's average income tax rate is 25 percent of pretax income. e. The management fee to be paid to the management company is 3 percent of room sales and 10 percent of total income before management fees and fixed changes. Please prepare an income statement based on the USALI summary operating statement. Note: You can enter the answer in the blank space below. If you prefer not to enter directly, You can write your answer on paper, take a photo and upload the photo. Or you can write on a word or excel file and upload the file