The owner of Bowling House, Clara requests to produce and analyze this month’s income statement. Using the following information, help Clara prepare her income statement.

Round all percentages to the nearest hundredth’s place (i.e., 43.25%). then answer the questions that follow:

Bowling House: August 2020
Total sales	$1,550,000
Total cost of sales	31.0%
Total labor	$441,750
Employee benefits	6.5%
Marketing costs	3.5%

Bowling House Income Statement
	This Month	%
SALES
Food		74.00%
Beverage
Total Sales		100.0%
COST OF SALES
Food
Beverages	$105,000
Total Cost of Sales
LABOR
Management
Staff	$214,500
Employee Benefits
Total Labor
PRIME COST
OTHER CONTROLLABLE EXPENSES
Direct Operating Expenses	$116,669
Music & Entertainment	$2,767
Marketing		3.50%
Utilities	$28,555
Administrative & General Expenses	$54,750
Repairs & Maintenance	$41,510
Total Other Controllable Expenses
CONTROLLABLE INCOME
NON-CONTROLLABLE EXPENSES
Occupancy Costs	$96,000	6.19%
Equipment Leases	$1,500	0.10%
Depreciation & Amortization	$49,812	3.21%
Total Non-Controllable Expenses	$147,312	9.50%
RESTAURANT OPERATING INCOME
Interest Expense	$24,000	1.55%
INCOME BEFORE INCOME TAXES
Income Taxes		3.00%
NET INCOME

Answer the following Questions:

a. What was the amount of the operation’s beverage sales for the month?

b. What was the operation’s cost of sales: food percentage for the month?

c. What was the total dollar amount spent on management for the month?

d. What was the operation’s labor cost percentage for the month greater than or less than 30%?

e. What was the operation’s prime cost for the month?

f. What was the operation’s prime cost percentage for the month?

g. What was the amount spent on total other controllable expenses?

h. What was the operation’s controllable income percentage?

i. What was the restaurant operating income percentage for the month?

j. What was the amount of the operation’s net Income for the month in dollars? In percent?