P2.1 Prepare a food department income statement in proper format for Midlands Restaurant using the following information for the first quarter ended on March 31, 0007 (other income received from leasing excess equipment for one month is not a part of normal operations): Sales Revenue: Grill room $183,200 Coffee garden 82,900 Banquets 294,400 Net food costs 224,200 Salaries and wages expense 176,400 Employee meals expense 18,200 Supplies expense 10,300 Glass and tableware expense 4,300 Laundry and linen expense 13,500 License expense 2,400 Printing expense 4,900 Miscellaneous expense 8,200 I 800 Other income Sales revenue Grill Room Coffee Garden Income Statement For the quarter ended March 31, 0007 Banquets Total sales revenue Cost of sales Net food cost Gross Margin Operating expenses Salaries, wages, and related expenses Employee meals expenses Supplies expense Glassware and tableware expenses Laundry/linen expense Licenses expense Printing expense Miscellaneous expense Total operating expense Operating income Other income Departmental income