Chapter 12 , Question 3 50 Yard Line Lounge Income Statement For the Year Ended December 31 , Last Year SALES Food $102, 556 Beverage $699. 505 Total Sales COST OF SALES Food $26, 510 Beverages $151, 000 Total Cost of Sales LABOR Management $58, 500 Staff $ 103, 000 Employee Benefits $3, 500 Total Labor PRIME COST OTHER CONTROLLABLE EXPENSES Direct Operating Expenses $61, 500 Music and Entertainment $7, 624 Marketing $18, 250 Utilities $26, 100 Administrative and General Expenses $ 108, 100 Repairs and Maintenance $5, 325 Total Other Controllable Expenses CONTROLLABLE INCOME NON - CONTROLLABLE EXPENSES Occupancy Costs $24. 500 Equipment Leases 05 Depreciation and Amortization $5. 650 Total Non - Controllable Expenses RESTAURANT OPERATING INCOME Interest Expense $84. 889