P&L

Last Year

$\%$

This Year

$\%$

SALES:

Food

$$1,891,011$

$82\mathrm{.}0\%$

$$2,058,376$

$81\mathrm{.}0\%$

Beverage

$415,099$

$18\mathrm{.}0\%$

$482,830$

$19\mathrm{.}0\%$

Total Sales

$2,306,110$

$100\mathrm{.}0\%$

$2,541,206$

$100\mathrm{.}0\%$

COST OF SALES:

Food

$712,587$

$37\mathrm{.}7\%$

$767,443$

$37\mathrm{.}3\%$

Beverage

$94,550$

$22\mathrm{.}8\%$

$96,566$

$20\mathrm{.}0\%$

Total Cost of Sales

$807,137$

$35\mathrm{.}0\%$

$864,009$

$34\mathrm{.}0\%$

GROSS PROFIT:

Food

$1,178,424$

$62\mathrm{.}3\%$

$1,290,933$

$62\mathrm{.}7\%$

Beverage

$320,549$

$77\mathrm{.}2\%$

$386,264$

$80\mathrm{.}0\%$

Total Gross Profit

$1,498,973$

$65\mathrm{.}0\%$

$1,677,197$

$66\mathrm{.}0\%$

OPERATING EXPENSES:

Salaries and Wages

$641,099$

$27\mathrm{.}8\%$

$714,079$

$28\mathrm{.}1\%$

Employee Benefits

$99,163$

$4\mathrm{.}3\%$

$111,813$

$4\mathrm{.}4\%$

Direct Operating Expenses

$122,224$

$5\mathrm{.}3\%$

$132,143$

$5\mathrm{.}2\%$

Music and Entertainment

$2,306$

$0\mathrm{.}1\%$

$7,624$

$0\mathrm{.}3\%$

Marketing

$43,816$

$1\mathrm{.}9\%$

$63,530$

$2\mathrm{.}5\%$

Utility Services

$73,796$

$3\mathrm{.}2\%$

$88,942$

$3\mathrm{.}5\%$

Repairs and Maintenance

$34,592$

$1\mathrm{.}5\%$

$35,577$

$1\mathrm{.}4\%$

Administrative and General

$66,877$

$2\mathrm{.}9\%$

$71,154$

$2\mathrm{.}8\%$

Occupancy

$120,000$

$5\mathrm{.}2\%$

$120,000$

$4\mathrm{.}7\%$

Depreciation

$41,510$

$1\mathrm{.}8\%$

$55,907$

$2\mathrm{.}2\%$

Total Operating Expenses

$1,245,383$

$54\mathrm{.}0\%$

$1,400,769$

$55\mathrm{.}1\%$

Operating Income

$253,590$

$11\mathrm{.}0\%$

$276,428$

$10\mathrm{.}9\%$

Interest

$86,750$

$3\mathrm{.}8\%$

$84,889$

$3\mathrm{.}3\%$

Income Before Income Taxes

$166,840$

$7\mathrm{.}2\%$

$191,539$

$7\mathrm{.}5\%$

Income Taxes

$65,068$

$2\mathrm{.}8\%$

$76,616$

$3\mathrm{.}0\%$

Net Income

$101,772$

$4\mathrm{.}4\%$

$114,923$

$4\mathrm{.}5\%$

The Net Income for last year was:

Question $58$ options:

$$405,408$

$$275,272$

$$114,923$

$$101,772$