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 562,500 589,000 $42,800 Outings revenue 6,000 28,000 Total revenue $73,200 595,000 70,800 Expenses Landscaping Wages Repairs and maintenance Fuel $7,800 43,900 5,600 3,100 1,800 $14,200 ? 2,600 3,000 3,000 $80,000 56,300 32,600 4,500 1,970 1,600 $46,970 Utilities Total expenses $62,200 Operating income $11,000 $15,000 A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue 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 $62,500 $89,000 6,000 $95,000 $42,800 28,000 $70,800 $73,200 Revenues Greens fees revenue Outings revenue Total revenue Expenses Landscaping Wages Repairs and maintenance $7,800 $14,200 $6,300 90 43,900 1% % 2,600 24 32,600 4,500 1,970 23 Fuel 14 5,600 3,100 1.800 S62200 $11,000 96 1,600 Utilities Total expenses Operating income Operating income 3,000 3,000 S80000 $15,000 $46970 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