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Task Sawadee is a Thai restaurant located at Quarry Bay. It has 55 seats and operates 12 hours a day. There are two new catering outlets located near Sawadee opened in March 2021. Since then, the sales of Sawadee dropped. Below are the expenses of Sawadee in June 2021: $ Advertising Casual Wages (10% of sales revenue) Depreciation Food and beverage cost (25% of sales revenue) General and administration Other Fixed Cost Other Variable Cost (3% of sales revenue) Rent and Rates Staff Salaries Utilities 8,000 38,800 12,000 97,000 5,000 40,000 11,640 250,000 120,000 45,000 b) All fixed costs and the proportion of variable costs in July 2021 are the same as in June 2021, and the forecast of check average is $135. iii) If the projected seat turnover is three (3) times in July 2021, what is the projected number of covers served in July 2021? (3 marks) iv) If the cost of food and beverage reduces to 20% of sales revenue, the total fixed costs increase by $15,000, and the owner of the restaurant aims at a profit of $75,000 in July 2021, determine the sales revenue required. (6 marks)