3 Kelly Pratt is the general manager of the Cherry Hill Hotel. Last month, Kelly's operation generated $85,000 in room sales revenue and $5000 in non-rooms revenue. The expenses required to generate her rooms revenue last month was $71,000 and the expenses incurred to generate a $5000 in non-rooms revenue were $1500 as summarized below. Use this information to determine the total amount of profit generated by the Cherry Hill Hotel last month? Cherry Hill Hotel: Last Month Room sales revenue $85,000 Non-rooms revenue $5,000 Room expenses Non-rooms expenses $1,500 $71,000 Cherry Hill Hotel: Last Month Profit Revenue Expenses Profit 4 Richard owns a coffee bean shop that sells gourmet coffee and chocolates. Prepare both weekly and monthly profit formulas so that Richard has a good idea about his current profit situation Week Revenue () Expenses () Profit/Loss ($) 1258.75 1687.54 2563.87 1378.95 956.34 2286.45 2678.91 1875.23 2 4 Month a. In which week did Richard have the most profit? b. Did Richard show a profit for all four weeks? If not, which week(s) did he experience a loss? c. As the owner, Richard wanted a profit of $1000 for the month. Did he reach his goal? 5 Earlene Rensir is the owner of the Smokey Pit Bar-B-Q restaurant and she is preparinga balance sheet for her business. Using the data below, help Earlene complete the spreadsheet she will use to determine the amount of assets, liabilities, and owners' equity she has in the business