Perform a vertical analysis for each course. Round your percentages to one decimal place.

1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Bluff Run Golf Courses Income Statement Month Ending July 31, 2018 Course Blue Course Black Course Gold Revenues Greens fees revenue $89,000 $42,900 $62,500 11,200 Outings revenue 6,000 28,000 Total revenue $73,700 $95,000 $70,900 Expenses Landscaping $7,800 12.5 X % $14,200 % $6,400 % Wages 43,900 70.6 X % % 32,500 % Repairs and maintenance 5,600 % 2,600 % 4,400 % Fuel 3,100 % 3,000 % 1,970 % Utilities 1,800 % 3,000 % 1,600 % Total expenses $46870 $62200 $11,500 $79300 $15,700 Operating income Operating income % % % %