The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is as follows: BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course Gold Course Revenues Greens fees revenue $62,500 $89,000 $42,900 Outings revenue 6,000 27,000 Total revenue $72,700 $95,000 $69,900 Expenses Landscaping $14,200 Wages Repairs and maintenance Fuel $7,800 43,900 5,600 3,100 1,800 $62,200 2,600 3,000 3,000 $78,700 $6,400 32,500 4,400 1,990 1,650 $46,940 Utilities Total expenses Operating income $10,500 $16,300 A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue Course Black Course Gold % 1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Course Black Course Gold 1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Bluff Run Golf Courses Income Statement Month Ending July 31, 2018 Course Black Course Blue Course Gold $62,500 Revenues Greens fees revenue Outings revenue Total revenue Expenses Landscaping $89,000 5,000 $42,900 27,000 $69,900 $72,700 $95.000 $7,800 $14,200 $6,400 Wages Repairs and maintenance 2,600 3,000 32,500 4,400 1,990 Fuel Utilities 43,900 5,600 3,100 1,800 $62200 $10,500 % 3.000 1,650 $46940 Total expenses Operating income Operating income % $78700 $16,300 2. Based on a vertical analysis of each course, which accounts would you want to investigate further? C, which method of analysis (using a dollar value or percentage) is most relevant and/or useful? Why