Two successive monthly income statements for the food and beverage department of Mosley Inn are shown here. Present the income statements in a comparative horizontal analysis format and comment on any significant differences. Then perform a common-sized vertical income statement analysis and comment on any significant differences. Sales Revenue June July Room Service 12,500 10,200 Dining Room 83,400 74,600 Bar 6,650 5,400 Banquets 66,400 73,275 Total Sales Revenue $168,950 $163,475 Cost of Sales (44,395) (42,725) Gross Margin $124,555 $120,750 Operating Expenses Wages & Salaries 52,397 50,225 Benefits 8,793 8,250 Laundry 3,000 2,800 China, table ware 3,695 3,335 Misc Oper Costs 10,600 10,125 Total Operating Expenses (78,485) (74,735) Departmental Operating $46,070 $46,015 Income