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Week 2 - Balance Sheet Activity Week 2- Inventory Valuations Using the numbers provided below complete the Sample Hotel Income Statement and answer the 2 questions located below the income statement. ROOMS REVENUE $1,512,732 FOOD REVENUE $512,650 BEVERAGE REVENUE $265,200 TELE. REVENUE $22,122 OTHER REVENUE $25,088 RENTAL REVENUE $12,000 ADMIN AND GENERAL EXPENSE ROOMS EXPENSE $187,921 $361,745 MARKETING EXPENSE FOOD EXPENSE $192,326 $435,753 FRANCHISE FEES BEVERAGE EXPENSE $113,455 $159,120 PROPERTY OPERATIONS AND MAINTENANCE TELE EXPENSE $117,490 $27,653 UTILITIES OTHER REVENUE EXPENS $93,992 $11,540 SAMPLE HOTEL INCOME STATEMENT FOR YEAR ENDING DECEMBER 31, 2020 SSS % OF TOT. REV REVENUES ROOMS REVENUE FOOD REVENUE BEVERAGE REVENUE TELECOMMUNICATIONS OTHER REVENUE RENTAL REVENUE TOTAL REVENUES SSS % OF TOT. REV DEPARTMENTAL EXPENSES ROOMS EXPENSE FOOD EXPENSE BEVERAGE EXPENSE TELECOMMUNICATIONS EXPENSE OTHER REVENUE EXPENSE TOTAL DEPARTMENTAL EXPENSES GROSS OPERATING INCOME SSS % OF TOT. REV UNDISTRIBUTED OPERATING EXPENSES ADMINISTRATIVE AND GENERAL EXPENSE MARKETING EXPENSE FRANCHISE FEES PROPERTY OPERATIONS AND MAINTENANCE UTILITIES TOTAL UNDISTRIBUTED OPERATING EXPENSES GROSS OPERATING PROFIT Assuming they sell 45 rooms a day, how much revenue does each room make? Assuming 45 rooms a day, how much gross operating profit does cach room make