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3. Laurie Llamos manages a Mexican restaurant in a rural Texas town. She wants to develop a comparative (horizontal) income statement so that she can
3. Laurie Llamos manages a Mexican restaurant in a rural Texas town. She wants to develop a comparative (horizontal) income statement so that she can compare the differences in her revenues, expenses, and profit from this year to last year. Complete the following comparative income statement. Laurie's Comparative Income Statement Difference Last Year This Year SALES: Food Beverage 3,025,618 ,499.239 622,649 772,528 Total Sales COST OF SALES: Food Beverage 997,622 1,151.16 132,370 44,849 Total Cost of Sales GROSS PROFIT: Food Beverage Total Gross Profit OPERATING EXPENSES: Salaries and Wages Employee Bonofits Direct Operating Expenses Musio and Entertainment Marketing Utility Services Repairs and Maintenance 97,539 138,828 71,114 3,228 61,342 103,314 48,429 1,071.119 167.720 98,215 11.436 95.295 133,413 53,366
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