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7. The assignment has 2 parts, and each is worth .5. A) Complete the Sunshine Restaurant's Income Statement by either using the Income statement worksheet

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7. The assignment has 2 parts, and each is worth .5. A) Complete the Sunshine Restaurant's Income Statement by either using the Income statement worksheet provided below or using the Excel spreadsheet provided separately to help you with the calculations and then, just copy and paste your completed Excel spreadsheet answer, replacing the Income Statement worksheet below: This is the data to use: Food Sales $723,556.00 Salaries and Wages $228,456.00 Beverage Sales $224,945.00 Other Controllable $145,532.00 Beverage Cost $ 57,534.00 Employee Benefits $ 14,667.00 Food Cost S265,998.00 Occupancy Costs $ 44,860.00 I Depreciation Expense $ 74,856.00 Interest $ 21.790.00 Income Statement worksheet: Sunshine Restaurant INCOME Statement YEAR ENDED DECEMBER 31, 20XX B) Based on your answer to 7 A) calculate and insert you answers with calculations: Answer: Food costs: Beverage cost%: Labor costs: Profit%

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