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Carreras Cafe is a Spanish restaurant in a college town, The owner expects that the number of meals served in June will be 50 percent

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Carreras Cafe is a Spanish restaurant in a college town, The owner expects that the number of meals served in June will be 50 percent below those served in May, because so many students leave for the summer. In May, the restaurant served 4,600 meals at an average price of $20. In the summer (June through August), the average price of a meal typically increases by 30 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 avallable for May. Required: Prepare a budgeted income statement for June. (Do not round intermediate calculations.)

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