1. The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is shown.

a. Find the missing value for outings revenue, wages, and operating income.

b. Comment on the financial performance of each course.

c. Identify a limitation of analyzing the information provided.

Revenues Greens fees revenue Outings revenue Total revenue BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course $62,500 $89,000 ? 6,000 $73,500 $95,000 Gold Course $ 42,800 28,000 $ 70,800 Expenses Landscaping Wages Repairs and maintenance Fuel Utilities Total expenses Operating income $ 7,800 43,900 5,600 3,100 1,800 $62,200 $14,200 ? 2,600 3,000 3,000 $79,100 $15,900 $ 6,400 32,600 4,400 1,980 1,650 $ 47,030 $11,300