Carreras Caf is a Spanish restaurant in a college town. The owner expects that the number of meals served in June wil be 40 percent below those served in May, because so many students leave for the summer. in May, the restaurant served 4,500 meals at an average price of S25 In the summer (June through August), the average price of a meal typically increases by 35 percent and the average food cost of a meal increases by 15 percent Other costs are typically unchanged during the summer The following cost information is available for May dlrue through Aug uspects that the num those average price of a meals served in ases by 35 pe Service costs (vaniable with respeat to meals) Variable service costs (with respect to meals) Food costs Labor Other variable costs Fixed service costs $10,000 16,000 6.300 Total service costs 543,800 Marketing (variable with respect to meals) 6.600 Total marketing and administrative costs Total costs 554,000 Required: Prepare a budgeted income statement for June. (Do not round intermediate calculations.) Budgeted Income Statement For the month of June Service oosts Marketing and Administrative Total marketing and sdministrative costa 18 PM