Refer to Table (1) below, calculate the room price using the Hubbart method based on the partial income statement below. Assumes investors expect return on investment at 15% on their capital of $3,000,000. This golf resort is a 250 rooms property. Estimated occupancy rate is 85% and the estimated room cost of cleaning each room is about RM80 per day.

Required

a)) Fill in the blanks as depicted below

Table (1) Merah Hill Golf Resort, Income statement for the year ended 31st Dec. 2021

Revenue	(RM)
Room sales	i) ?
Non room sales	2,500,000
Total REVENUE
Room Cost	ii) ?
Non room cost	14,000
Total COST OF SALES
Room Profit	iii) ?
Non room profit	24,000
Total GROSS PROFIT	iv) ?
OPERATING EXPENSES
Insurance expense	4,500
Licenses expense	3,200
Utility	12,600
Salary expenses	48,900
Depreciation	5,000
OPERATING INCOME	v) ?
Interest	10,000
INCOME BEFORE INCOME TAX	vi) ?
Income tax 25%	vii) ?
NET INCOME	viii) ?

b) Calculate the Average daily rate (ADR) and RevPAR?