The following information is from Wispy Woods Golf Courses. The company runs three courses and the August income statement for each course is shown. Revenues Greens Fees Outings Total Revenue Expenses Landscaping Wages Repairs and Maintenance Fuel Utilities Total Expenses Operating Income Wispy Woods Golf Courses Income Statement For the Month Ending August 31, 2022 Blue Course Black Course $62,500 72,500 $7,800 43,900 5,600 3,100 1,800 62,200 $10.300 $89,000 7,000 96,000 $14,200 2,600 3,000 3,000 79,100 $16.900 Gold Course $42,800 28,200 71,000 $6,400 32,600 4,400 1,980 1,650 47,030 a. Find the missing value for outings revenue, wages, and operating income. These cells have been shaded blue. b. Compare the financial performance of each course. C. Identify a limitation of analyzing the information provided.

Exercises 1. The following information is from Wispy Woods Golf Courses. The company runs three courses and the August income statement for each course is shown. a. Find the missing value for outings revenue, wages, and operating income. These cells have been shaded blue. b. Compare the financial performance of each course. c. Identify a limitation of analyzing the information provided