Please help me

ACME Restaurant has the income statement for the past two years as shown below. Each income statement also reveals the food sales, beverage sales, fixed and variable expenses as a percentage of Total Revenue, Food costs and beverage cost percentages are calculated by dividing each cost by its respective sales. (0.5 point each) 2018 2019 2020 Food Sales $ 455,850 $493,000 Bev. Sales 5 233,450 $ 242,800 16) Total Rev. 5 689,300 $ 735,800 Cost of Sales Food Costs 5 118,800 $ 124,5602 1 3) Bev. Costs 5 54,820 $ 59,780 4 1 4) Total Costs $ 173,620 S 184,340 Variable Expenses Wages $ 145,800 5 154,680 5 15) Utilities $ 34,850 $ 42,150 Office Supplies S 3 ,890 $ 7,860 7317) Repair & Maint S 4,050 $ 4,300 Linen Rental s 14,580 5 13.420 Other S 7,800 $ 11,420 101 2 0) Fixed Expenses Rent 36,000 536,000 Interest Payments $ 18,500 $ 18,500 Depreciation $ 14,000 1$ 14,000 Total Expenses 5 284,470 $ 307,330 24) Net profit 15 23,210 $ 244, 130 By using the information above, you are to prepare a budget for 2020 with the following guidelines a. Food and Beverage Sales will increase by 8% and 6% respectively from 2019. Slaa 19) 21) 251 b. Food and Beverage Costs Percentage are estimated at 25% and 22% respectively. c. The Variable Expenses are estimated based on percentage of total revenue as follows: Wages - 25% Utilities - 6% Office Supplies - 2% other - 1.5% Linen Rental - 2.5% Repair/Maintenance - 0.5% d. The Fixed Expenses will remain unchanged