Biff Tannen's Gourmet Restaurant - Income Statement
								Revenues				20X2	20X3	Dollar Variance	Percent Variance
	Food			$1,050,000	$1,765,000
	Beverage			$157,500	$180,000
	Other			$36,750	$43,945
Total Revenues				$1,244,250	$1,988,945
Cost of Sales
	Food			$375,900	$659,032
	Beverage			$26,250	$38,245
	Other			$5,250	$12,875
Total Cost of Sales				$407,400	$710,152
Gross Profit
	Food			$674,100	$1,105,968
	Beverage			$131,250	$141,755
	Other			$31,500	$31,070
Total Gross Profit				$836,850	$1,278,793
Operating (Controllable) Expenses
	Salaries and Wages			$450,000	$716,000
	Employee Benefits			$95,000	$155,000
	Total Labor Cost			$545,000	$871,000
	Direct Operating Expenses			$51,500	$78,050
	Marketing			$72,100	$45,778
	Utilities			$51,500	$76,879
	Admin and General			$30,900	$35,080
	Repairs and Maintenance			$25,750	$12,657
	Music and Entertainment			$36,050	$11,450
Total Operating Expenses				$812,800	$1,130,894
Operating Income				$24,050	$147,899
Other (Noncontrollable) Expenses
	Rent			$22,000	$22,000
	Depreciation			$1,000	$2,000
	Interest			$500	$550
Total NonControllable Expenses				$23,500	$24,550
Income Before Income Taxes				$550	$123,349