Please answer the following for a thumbs up using the chart provided :) Thank you!

Item Notes 8,200 medium cups of coffee sold at $3.00 each Includes 600 medium cups medium cups sold to the college and delivered to a reception that has been invoiced, but not yet pald, 3.700 large cups of cotlee sold at $4.00 each Espresso make purchased last year for $12,600 5-year lite Premium for full your Includes $2.000 in rent deposits $720 promium for business mourance $3,800 for rent $2,400 for coffee bean $1.500 for coffee cups Include coftoe diocarded valued at $100 O cups in twentory at the beginning of January $800 worth of cups still in Inventory at the end of month $2,200 owed in payroll taxes Paid mid-month $13,800 10 employees for payroll $100 ofert on loan 1900 for electricity and water Includes $500 in utility deposits $11.800 in advertising $2,000 per week biled monthly Now use the transaction information to create a Accrual-Based Income Statement for January using the following template The cash-based system understated revenues relative to what was actually sold. Cash received from sales was less than revenues on the income statement using the accrual-based system, Cash flows were more accurately represented using the accrual-based system The monthly cost of having an espresso machine was more accurately represented using the accrual-based system a Net Income is always higher using an accrual accounting system 6 QUESTION 7 Samplo Cale had given employees a 10% raise at the beginning of January, what would not income have been presuming taxes increase at the same rate as wages Answer $ a QUESTION 6 What is the net income as a percent of revenue? Answer 0.0 % QUESTION 5 What are salaries and wages as a percent of revenue? Answer 0 % QUESTION 4 For each cup of coffee sold, what is the average contribution margin? Answer 20.88 QUESTION 3 What is the gross margin percent for Sample Cafe? Answer Item Notes 8,200 medium cups of coffee sold at $3.00 each Includes 600 medium cups medium cups sold to the college and delivered to a reception that has been invoiced, but not yet pald, 3.700 large cups of cotlee sold at $4.00 each Espresso make purchased last year for $12,600 5-year lite Premium for full your Includes $2.000 in rent deposits $720 promium for business mourance $3,800 for rent $2,400 for coffee bean $1.500 for coffee cups Include coftoe diocarded valued at $100 O cups in twentory at the beginning of January $800 worth of cups still in Inventory at the end of month $2,200 owed in payroll taxes Paid mid-month $13,800 10 employees for payroll $100 ofert on loan 1900 for electricity and water Includes $500 in utility deposits $11.800 in advertising $2,000 per week biled monthly Now use the transaction information to create a Accrual-Based Income Statement for January using the following template The cash-based system understated revenues relative to what was actually sold. Cash received from sales was less than revenues on the income statement using the accrual-based system, Cash flows were more accurately represented using the accrual-based system The monthly cost of having an espresso machine was more accurately represented using the accrual-based system a Net Income is always higher using an accrual accounting system 6 QUESTION 7 Samplo Cale had given employees a 10% raise at the beginning of January, what would not income have been presuming taxes increase at the same rate as wages Answer $ a QUESTION 6 What is the net income as a percent of revenue? Answer 0.0 % QUESTION 5 What are salaries and wages as a percent of revenue? Answer 0 % QUESTION 4 For each cup of coffee sold, what is the average contribution margin? Answer 20.88 QUESTION 3 What is the gross margin percent for Sample Cafe