Operating Income $21,400 ($3 400) $18,000 * Allocated to dining room: $119,000 + $170,000 = 70%; 70% x $28,000 = $19,600 Allocated to snack bar: $51,000 + $170,000 = 30%; 30% x $28,000 = $8,400 Chapter 3 Introduction to Costs b) Management of the restaurant complex has an opportunity to lease out the snack bar area for $1,000 per month. The new operator will pay for the indirect costs of the snack bar. The actual remaining indirect costs were determined to be $23,500, all of which must be assumed by the dining room. Prepare a revised monthly income statement for New Sarum Diner. New Sarum Diner Income Statement For the Month Ended April 30, 2020 Sales Revenue $119,000 Direct Costs 78,000 Contribution Income 41,000 Indirect Costs 23,500 Income before Rent 17,500 Rental Income 1,000 Operating Income $18.500 () Based on the actual indirect costs of $23,500 for the dining room, restate the allocation of indirect costs to the dining room and snack bar. How does the income statement change from the one in part a)? New Sarum Diner Income Statement For the Month Ended April 30. 2020 ideline for Test-..pdf 9.C ~