7. Carl, the owner of the Flagship Supper Club needs to produce and analyze this month's income statement. Using the following information, help Carl prepare his income statement. Round all percentages to the nearest hundredth's place (i.e., 35.25%). Then answer the questions that follow: Flagship Supper Club: This Month Total sales Total cost of sales Total labor Employee benefits Marketing costs $1,550,000 31.0% $141.750 6.5% 3.5% Flagship Supper Club Income Statement This Month SALES Food Beverage Total Sales 74.00 100.0 COST OF SALES Food Beverages Total Cost of Sales $105,000 (continued) Flagship Supper Club Income Statement (Continued) % This Month $214,500 LABOR Management Stall Employee Benefits Total Labor PRIME COST $116,669 $2,767 3.50 OTHER CONTROLLABLE EXPENSES Direct Operating Expenses Music and Entertainment Marketing Utilities Administrative and General Expenses Repairs and Maintenance Total Other Controllable Expenses $28.555 $54,750 $41,510 CONTROLLABLE INCOME NON-CONTROLLABLE EXPENSES Occupancy Costs Equipment Leases Depreciation and Amortization Total Non-Controllable Expenses $96.000 $1,500 $19,812 $147,312 6.19 0.10 3.21 9.50 RESTAURANT OPERATING INCOME Interest Expense $24,000 1.55 INCOME BEFORE INCOME TAXES Income Taxes 3.00 NET INCOME 15 a. What was the amount of the operation's beverage sales for the month? b. What was the operation's cost of sales: food percentage for the month? c. What was the total dollar amount spent on management for the month? d. What was the operation's labor cost percentage for the month greater than or less than 30%? e. What was the operation's prime cost for the month? f. What was the operation's prime cost percentage for the month? g. What was the amount spent on total other controllable expenses? h. What was the operation's controllable income percentage? i. What was the restaurant operating income percentage for the month? j. What was the amount of the operation's net income for the month in dollars? In percent