Handout 1) Lindsay's Lemonade and Waffles had sales of $28,000 in May and $32,000 in June. The guest count for May was 1700 guests, and 1800 guests were served in June. CGS for May was $7000. Determine the following a) Average guest check for May and June b) CGS % for May c) % change in sales from May to June d) Index of the avg guest check for May and for June - Use May as the base month 2) Use the stream of sales listed below and determine the index for each year - use 2015 as the base year I 2015 2016 2017 2018 2019 12,200 12,700 13,500 14,000 12,000 3) Complete the income statement started below and answer the analytical questions 2019 12,000 4000 Sales Cost of Goods Sold Gross Margin Wage Expense Rent Expense Marketing Expense Operating Income 2018 8,000 3000 5000 2000 1000 2000 2020 14,000 5000 9000 4000 3000 1000 3000 3500 500 a) Change in CGS in dollars 2018 to 2019 b) CGS% for 2019 c) Operating income % for 2018, 2019 and 2020 d) % change in sales 2019 to 2020 e) % change in wage expense 2018 to 2014