Transcribed image text: lings Diner, Inc., for the da format similar to that Problem 8 Use the following information to prepare an income statement for Wings Diner. Ime year ended March 31, 20XX. Use the proper statement heading and a format simila used in the chapter for Deb's Steakhouse, Inc. S 50,000 Payroll 9,500 Employee Benefits Cost of Food Sold 30,000 Cost of Liquor Sold 15,000 Food Sales 100,000 Utilities 5,000 Depreciation 10,000 Income Taxes 300 Property Insurance 6,000 Supplies Expense 3,000 Rent 8,750 Liquor Sales 50,000 Interest 7,000 Advertising 2,250 Property Taxes 2,000