P3.7 Two successive monthly income statements for the food department of a motor lodge are shown here. Present the income statements in a compara- tive horizontal analysis format and comment on any significant differences Sales Revenue Room service Dining room Bar-lounge Coffee shop Banquets Total Sales Revenue Cost of sales Gross Margin August $ 11,300 75,900 5,500 53,400 66,200 $212,300 (68,100) $144,200 September $ 9,000 63,700 4,100 48,700 70,500 $196,000 ( 63,900) $132,100 Operating Expenses Wages and salaries Employee benefits Linen and laundry China, glassware, & tableware Miscellaneous operating costs Operating supplies Total Operating Expenses Departmental Operating Income $ 75,800 11,400 3,200 5,300 4,900 9,600 ( 110,200) $ 34,000 $ 71,100 10,700 3,000 4,900 4,700 8.800 ( 103,200 $ 28,900