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 $42,700 $89,000 6,000 Outings revenue ? 29,000 Total revenue $74,300 $95,000 $71,700 Expenses Landscaping Wages $7,800 $14,200 $6,400 32,500 43,900 ? Repairs and maintenance 5,600 2,600 4,500 Fuel 3,100 3,000 1,980 Utilities 1,800 3,000 1,650 Total expenses $62,200 $78,800 $47,030 Operating income $12,100 $16,200 A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue 14.7 X % Course Black % Course Gold % B. 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 Revenues Greens fees revenue $62,500 $89,000 6,000 $42,700 29,000 11,800 $74,300 $95,000 $71,700 Outings revenue Total revenue Expenses Landscaping Wages Repairs and maintenance Fuel $7,800 % $14,200 % % $6,400 32,500 43,900 % % % % 2,600 % 4,500 % 5,600 3,100 % 3,000 % 1,980 % Utilities 1,800 % 3,000 % 1,650 % $62200 $78800 $47030 Total expenses Operating income $12,100 $16,200 Operating income % % % %