Question 1 Chapter 3; Question 1 (page 106 of your text) Rubric: Table complete and correct worth 3 points, each question "a through "g" worth 1 point each Complete the table below using vertical analysis, then answer the subsequent questions: Nicole's P&L Last Year This Year SALES: Food $3,706,381 $647,555 $3,746,245 1,255,358 Total Sales COST OF SALES: Food 1,282656 l 1,611,630 Beverage 145,607 Total Cost of Sales GROSS PROFIT: Food 2,134,615 2423725 501,948 1,093.127 Total Gross Profit OPERATING EXPENSES: Salaries and Wages Employee Benefits Direct Operating Expenses Music and Entertainment 1.230.910 190,394 234,670 4,427 1.256,779 196,790 13,418 84.126 141.688 66.416 128.403 230,400 79,699 Utlity Services 156,538 62616 125,230 and Maintenance Administrative and General 211,200! 98.397 Total Operating Expenses Operating Income Interest 166,560 Income Before Income Taxes Income Taxes Net Income 147.192 245.194