lil pront before tax? Problem 2 The manager of the Spartan Land Restaurant is developing the operating budget for next year using the following financial information from the current year: Item Food revenue Beverage revenue Food cost Current Year's Amount $973,000 $112,500 Next Year's Percentage Increase (Decrease) 4% 2% Next Year's Amount ($) EITI Beverage cost Labor (including benefits) Other operating costs Fixed costs 36% 23% $298,000 1% (1%) (2%) 16% same $70,000 same a. What is the current year's budgeted profit (loss)? b. Develop next year's budget indicate the profit (loss). R Problem