Developing an Income Statement Information for the Income Statement for Year End December $2018$ Past Year Total revenue was $ $3,500,000$ Food Sales were $78\%$of Total Revenue Beverage Sales were $22\%$of Total Revenue Food Cost was $34.8\%$ Beverage Cost was $16.4\%$ Annual Rent was $ $350,000$ Expenses as a percentage of Total Sales are listed below: $\backslash$ table $[[$ Salaries & Wages, $29\%,$ Employee Benefits, $5.5\%$ Developing an Income Statement Information for the Income Statement for Year End December $2018$ Past Year Total revenue was $ $3,500,000$ Food Sales were $78\%$of Total Revenue Beverage Sales were $22\%$of Total Revenue Food Cost was $34.8\%$ Beverage Cost was $16.4\%$ Annual Rent was $ $350,000$ Expenses as a percentage of Total Sales are listed below: $\backslash$ table $[[$ Salaries & Wages, $29\%,$ Employee Benefits, $5.5\%$