INCOME STATEMENT \begin{tabular}{|l|r|r|} \hline Particulars & Amount \\ \hline Income & 248,320 \\ \hline Fee Revenue & 248,320 & \\ \hline Expenses & & \\ \hline Cost of Sales: & & \\ \hline Wages and Salaries & 89,400 & \\ \hline Electricity Expense & 17,010 & \\ \hline Supplies Expense & 21,300 & \\ \hline & & \\ \hline Gross Profit: & & 120,610 \\ \hline & & \\ \hline Operating Expenses: & & 70,110 \\ \hline Depreciation Expense - Bowling Equipment & 20,100 & \\ \hline Depreciation Expense - Building & 9,630 & \\ \hline Insurance Expense & 17,040 & \\ \hline Interest Expense & 14,510 & \\ \hline Council Rates Expense & 8,830 & \\ \hline & & \\ \hline Operating Profi: & & 94,740 \\ \hline \end{tabular} BALANCE SHEET Using the given financial statements calculate and choose the correct: Wages and Salaries Expense Ratio 34% 36% 30% 32%