4) Cate Locke operates a bed and breakfast hotel in a resort area near Lake Candlewood. The lease cost for the hotel is $60,000 per year. Cate employs a maintenance person at an annual salary of $41,000 and a cleaning person at an annual salary of $24,000. Real estate taxes are $10,000 per year. The rooms rent at an average price of S60 per person per night including breakfast. Other costs are laundry and cleaning service at a cost of S10 per person per night and the cost of food, which is S5 per person per night Instructions o Dremine he number ofrom remtals(Gdaring a year) Cate ned to break even. s lelasdis ea year) Cate needs to break even. Cate is considering upgrading the breakfast service to attract more business and increase prices. This will cost an additional S3.00 for food costs per person per night. Cate feels she can increase the room rate to $68 per person per night. (c) changes are made Determine the sales revenue (during a year) Cate needs to break even if the changes are made