at she will are reasonable. But Scott wants to know more about the financial performance of his business. his profit margins Scott complete and analyze the following income statement prepared at the end of last year, as well as the e has begun to 50 Yard Line Lounge Income Statement For the Year Ended December 31, Last Year Year 5 SALES $102,556 Food $699,505 Beverage Total Sales Year 5 COST OF SALES $26,510 Food $151,000 Beverages Total Cost of Sales $58,500 LABOR $103,000 Management ested her funds $3,500 Staff Employee Benefits es restaurant was Total Labor (continued) abelle's restaurant