ex YOU coffee shop? P7.4 You have the following income statements for each of the four quarters of a restaurant operation: Sales revenue Cost of sales Gross Margin - Operating Expenses Wages & salaries expense Supplies expense Advertising expense Utilities expense $32,000 1,900 900 2,600 450 1,200 750 700 6,000 erating expenses $46,500 ng income (loss) $ 7,100 Maintenance expense Insurance expense Interest expense Depreciation expense 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. $86,400 $97,000 $89,400 $46,400 (32,800) (35,900) (33,100) (18,100) $53,600 $61,100 $56,300 $28,300 Rent expense To $35.900 $33,100 2,200 1,970 900 900 2,900 2,680 450 400 1,200 1,200 750 750 700 700 6,000 6,000 $51,000 $47,700 $10,100 $ 8,600 $17,800 1,100 600 2,400 400 1,200 750 700 6,000 $30,950 ($ 2,650)

P7.4 You have the following income statements for each of the four quarters of a restaurant operation: P7.4 You have the following income statements for each of the four quarters of a restaurant operation