Reference no: EM132596846
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, 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