. 10. In the previous year, the manager of the Pacific Restaurant had been following the operating budget shown in column 1 of the worksheet below. For the upcoming year, the following changes are expected: Food sales will increase by 10 percent. Beverage sales will increase by 6 percent. Food cost percent and beverage cost percent will remain the same. Fixed salaries and wages$69,300 for this yearwill increase by $8,000. Variable salaries and wages will be 16 percent of expected food sales. Employee benefits will remain the same percentage of salaries and wages. Controllable expenses will increase by $12,000. Occupancy costs will increase by $5,000. Interest and depreciation will remain the same. Given these anticipated changes, prepare an operating budget for the Pacific Restaurant for the upcoming year, using the budget worksheet below: DUpcoming year $ Budget Worksheet Sales Previous Year $ Change $ Food 630,000 Beverage 140,000 Total sales 1770,000 Cost of Sales Food 252,000 Beverages 35,000 Total costs 287,000 Gross Profit 483,000 Controllable Expenses Total salaries and wages 173,250 Employee benefits 45,045 Other controllable expenses 82,000 Total Controllable Expenses 300,295 Income before Occupancy Costs, Interest, Depreciation, and Income Taxes 182,705 Occupancy Costs 64,000 Income before Interest, Depreciation, and Income Taxes 118,705 Interest 10,000 Depreciation 28,500 Total Interest & Depreciation 38,500 Restaurant Profit 80,205