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 $1,550,000 Total cost of sales 31.0% Total labor $441,750 Employee benefits 6.5% Marketing costs 3.5% Flagship Supper Club Income Statement This Month % SALES Food 74.00 Beverage Total Sales 100.0 COST OF SALES Food Beverages $105,000 Total Cost of Sales LABOR Management Staff $214,500 Employee Benefits Total Labor PRIME COST OTHER CONTROLLABLE EXPENSES Direct Operating Expenses $116,669 Music and Entertainment $2,767 Marketing 3.50 Utilities $28,555 Administrative and General Expenses $54,750 Repairs and Maintenance $41,510 Total Other Controllable Expenses CONTROLLABLE INCOME NONCONTROLLABLE EXPENSES Occupancy Costs $96,000 6.19 Equipment Leases $1,500 0.10 Depreciation and Amortization $49,812 3.21 Total NonControllable Expenses $147,312 9.50 RESTAURANT OPERATING INCOME Interest Expense $24,000 1.55 INCOME BEFORE INCOME TAXES Income Taxes 3.00 NET INCOME What was the amount of the operation's beverage sales for the month? What was the operation's cost of sales: food percentage for the month? What was the total dollar amount spent on management for the month? What was the operation's labor cost percentage for the month greater than or less than 30%? What was the operation's prime cost for the month? What was the operation's prime cost percentage for the month? What was the amount spent on total other controllable expenses? What was the operation's controllable income percentage? What was the restaurant operating income percentage for the month? What was the amount of the operation's net income for the month in dollars? In percent?

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 laboir Employee benefits Marketing costs $1,550,000 31.0% $441,750 6.5% 3.5% Flagship Supper Club Income Statement This Month % SALES Food 74.00 Beverage Total Sales 100.0 COST OF SALES Food Beverages $105,000 Total Cost of Sales LABOR Management Staff Employee Benefits $214,500 Total Labor PRIME COST OTHER CONTROLLABLE EXPENSES $116,669 $2,767 Direct Operating Expenses Music and Entertainment Marketing Utilities Administrative and General Expenses Repairs and Maintenance 3.50 $28,555 $54,750 $41,510 Total Other Controllable Expenses OTHER CONTROLLABLE EXPENSES $116,669 Direct Operating Expenses Music and Entertainment Marketing Utilities Administrative and General Expenses$54,750 Repairs and Maintenance $2,767 $28,555 $41,510 3.50 Total Other Controllable Expenses CONTROLLABLE INCOME NON-CONTROLLABLE EXPENSES Occupancy Costs Equipment Leases Depreciation and Amortization $96,000 6.19 $1,500 0.10 $49,812 3.21 Total Non-Controllable Expenses $147,312 9.50 RESTAURANT OPERATING INCOME Interest Expense $24,000 1.55 INCOME BEFORE INCOME TAXES Income Taxes 3.00 NET INCOME 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