The following information has been prepared by the manager of the Market Restaurant. It represents his best estimates of sales and various costs for the coming year. Using this information, prepare an operating budget for the Market Restaurant for the coming year. Food sales: food sales: $820,000 Beverage sales: $290,000 Cost of food: 36 percent of food sales Cost of beverage: 24 percent of beverage sales Variable salaries and wages: 20 percent of total salaries and wages Fixed salaries and wages: $102,000 Employee benefit: 25 percent of total salaries and wages Other controllable expenses: $95,000 Depreciation: $65,500 Interest: $55,000 Occupancy costs: $56,000