Given the following data, on a separate sheet of paper create monthly and yearly income statements for this fast-food restaurant in New York City.

a. Sales for the month of June were $300,000. Sales for the year were $2,600,000.

b. The sum of $66,000 was spent on food in June ($792,000 for the year). The store spent $9,000 on paper to wrap food items in June and $108,000 for the year.

c. Taxes for June were $15,000. For the year, they were $233,000.

d. Fixed operating costs for June were $175,000. For the year, they were $1,000,000.

e. Use Excel or other software to create a graph showing the monthly and yearly income statements for this business.