Problem I Bob's Beverages Un-jumble this Income Statement (Put in proper format) Cost of Beer 20,000 Insurance Expense 2,800 Returns 1,000 Rent Expense 8,000 Food Sales 25,000 Administrative Expense 5,000 Cost of food 5.000 Liquor Sales 150,000 Coffee/Tea Sales 25,000 Marketing Expense 2,500 Taxes 1,200 Cost of Coffee/Tea 6,000 Allowances 2,000 Legal Expense 4,500 Wine Sales 42,000 Salaries and Wages (61% Fixed) 75,000 Depreciation Expense 2,600 Maintenance Expenses 8,000 Cost of Liquor 40,000 Beer Sales 50,000 Benefits (22% Variable) 17,000 Cost of Wine 18,000 Interest Expense 1,300 Construct an income statement from the problem 1. Construct the Sales Cost Volume Equation using the figures from the income statement. 2. What is VR? 3. What is CR? 4. What is the Contribution Margin in Dollars? 5. What is Break-Even in Dollars? 6. What is Sales in Dollars in order to make a profit of $45,000? 7. If the average sale was 28.00, how many covers would be needed to break even in units? 8. If the average sale was 35.00, how many covers would be needed to achieve the profit in question 6 (units)?