Use the below data for Yhotel (year ended Dec. 31, 2016) to prepare an income statement under the USAL (multiple- step income statement). Accounts payable 40,000 Interest income 1,900 Accrued expenses 11,000 Rooms - other expenses 112,000 General & Admin. - 55,000 Pre-opening costs 9,000 other expenses Accumulated 80,000 Food - other expenses 100,000 depreciation Common shares 115,000 Repairs and maintenance - payroll 17,000 Utility costs-other 27,000 Land 125,000 Furniture and 47,000 Dividends payable 17,000 equipment Cost of sales - 11,000 Interest expense 12,000 telecommunications Prepaid expenses 3,500 Marketing - Other expenses 18,000 Cash 19,000 Telecommunications - Payroll 22,000 Telecommunications - 27,000 Bad debts expense 3,5001 sales Accounts receivables $70,000 Rooms - payroll 100,000 General & Admin. - 20,000 Store rentals income 2,7001 payroll expenses Building 750,000 Food - Payroll 90,000 Amortization expense 900 Utility costs - Payroll 18,000 Repairs and maintenance-Other 8,500 Mortgage payable 690,000 expenses Depreciation expense 29,000 Income taxes payable 31,000 Cost of food sales 180,000 Loss on sale of property -9,000 Inventories 65,000 Property taxes and insurance 25,000 Food sales 350,000 Marketing - payroll 22,000 Telecommunications - other Room sales 570,000 7,000 expenses Income tax expense 31,000