Orlando's Relax & Dream, is a bar and grill in downtown Burlington, VT. It has the following income statements from the past two years of operations. 20x1 Sales revenue Cost of goods sold Gross profit Selling, general and administrative expenses Income before income taxes Income taxes. 20x2 $312,500 125,000 187,500 87.500 100,000 30,000 $250,000 100,000 150,000 . 80,000 70,000 21,000 49,000 70.000 Instructions: 1. Estimate the cost function for each expense line item. 2. Prepare a contribution income statement for the most recent year, 20x2. 3. Assuming the same average sales mix experienced the last two years, what amount of sales revenue is required for Orlando's to earn a $100,000 pretax profit next year? 4. Again assuming the same sales mix, what amount of sales revenue is required for Orlando's to earn an after-ta 5. The 20x2 segmented income statements (contribution margin format) for the bar and grill are as follows: profit next year of $82,600? Bar Grill $187,500 $125,000 Sales revenue Variable costs: Cost of goods sold Selling, general and administrative expenses Total .. 93,750 22.500 116,250 71,250 31,250 15.000 46.250 78,750 Contribution margin Fixed costs: 30.000 41,250 12.375 $ 28.875 20.000 58,750 -17.625 $ 41125 Selling, general and administrative expenses Income before income taxes Income taxes