1. Conduct a vertical analysis (common-size analysis) for the income statements of Boatman Hotel for the months ended March 31 and April 30, 2016. March April Revenues: Rooms 375,236425,105 Food and Beverage Telecommunications 186,253 176,523 4,213 5,326 Other Income Total Revenues 46,879 49,654 Cost of Sales: Rooms 130,256 154,987 Food and Beverages 142,516 135,216 Telecommunications 3,453 4,123 Other Income 35,648 41,213 Total Cost of Sales 311,873 335,539 Gross Profit: Rooms 244,980 270,118 Food and Beverages 43,737 41,307 Telecommunications 760 1,203 Other Income 11,231 8,441 Total Gross Profit Operating (Controllable) Expenses: Administration & General Marketing Franchise Fees 11,605 18,256 41,219 44,362 21,005 24,032 Property Operations and Maintenance 37,456 38,612 Utilities 32,156 36,459 Total Operating Expenses 143,441 161,721 Operating Income. Other (Non-controllable) Expenses: Management Fee 6,145 6,425 Property Taxes 25,613 25,613 Reserve for Capital Improvements Insurance 18,321 20,153 6,901 6,852 Interest Expense Total Non-controllable Expenses Income Before Income Taxes 75,004 78,450 131,984 137,493