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Price Increases Part I: Restate the following income statement and complete the data below if there is a price increase of 10% in the

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Price Increases Part I: Restate the following income statement and complete the data below if there is a price increase of 10% in the food menu. The increase is from the start to the end of the financial period. If necessary, carry percentages to one decimal (xx.x%). Income Statement Food Beverage Total Sales $350,000 $150,000 $500,000 VC 217,000 42,000 259,000 CM $133,000 $108,000 241,000 FC 200,000 IBIT $ 41,000 Restated Income a. Statement: Food Beverage Total Sales $ $_ $ VC C M FC IBI T b. Sales Mix Percentages: C. Food Beverage Contribution 16 13

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