The Warwick Motel's income statement for 20x6 is provided below: Problem 9 Warwick Motel Income Statement For the year ended December 31, 20X6 Income Cost of Sales Labor Costs & Related Other Expenses Expenses (Loss) $ $ 92,000 69,000 54,000 $ 30,000 $258,000 20,000 37,000 1,000 50,000 296,000 54,000 161,000 Net Revenue Operated Departments Rooms $380,000 Food 180,000 Miscellaneous Income 1,000 Total Operated Departments 561,000 Undistributed Operating Expenses: Administrative and General Info & Telecom. Systems Marketing Prop. Op. Maint. Energy Costs 43,250 20,000 10,000 10,000 10,000 20,000 27,000 53,250 30,000 10,000 20,000 27,000 The Income Statement 129 63,250 77,000 140,250 $561,000 $ 54,000 $224,250 $127,000 155,750 Total Undist. Op. Exp. Gross Operating Profit Rent, Property Taxes, and Insurance EBITDA Interest Expense Depreciation Income Before Income Taxes Income Tax 17,000 138,750 21,000 30,000 87,750 35,100 Net Income $ 52,650 entory Required: Answer the following questions. 1. What was the total gross profit for 20X6? 2. What are the total overhead costs for 20X6? 3. What is the average tax rate for 20X6? 4. What is the amount of income the general manager is most likely responsible for during 20X6? 5. What is the labor cost percentage for 20X6? 6. What is the food cost percentage for 20X6? blom 10