T + E Revenue Cost-of-Sales Payroll-and-Related Expenses Other Direct Expenses Unallocated Income Statement Harper Inn For the month of January 20X4 Rooms $70,000 Food $30,000 Total $100,000 0 12,000 12,000 16,000 10,000 26,000 6,000 4,000 10,000 Total-Expenses 22,000 26,000 48,000 E Departmental-Income 48,000 4,000 52,000 E E Undistributed Operating Expenses: Administrative & General Sales & Marketing Property Operation & Maintenance Utility costs Gross Operating-Profit Fixed-Charges: Rent Insurance Property Taxes Depreciation Total-Fixed-Charges Income-Before-Income Taxes Income Taxes Net-Income E 1 11 11 11 11 E E 8,000 4,000 2,000 2,000 36,000 E E E 6,000 3,000 2,000 10,000 21,000 15,000 6,000 $9,000 Assume the square footage of the rooms department totals-50,000 while the square footage of the food department totals 10,000. Required: 1. Using-square-footage and the SABA, prepare a fully allocated income statement-(fill-in the blanks above). 2. What do the results from Part-1-suggest?