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Use the figures given below to complete the statement of income for the Sunshine Restaurant Figures: Food Sales $475,000 Salaries and Wages $190,000 Beverage Sales

Use the figures given below to complete the statement of income for the Sunshine Restaurant

Figures:

Food Sales $475,000

Salaries and Wages $190,000

Beverage Sales $150,000

Other Controllable expenses $70,000

Beverage Cost $30,000

Employee Benefits $35,000

Food Cost $127,500

Occupancy Costs $75,000

Interest expense 15,000

Depreciation Expense $25,000

INCOME STATEMENT
YEAR ENDED DECEMBER 31, 20XX
Sales
Food
Beverage
Total Sales $ -
Cost of Sales
Food
Beverage
Total Cost of Sales $ -
Gross Profit $ -
Controllable Expenses
Salaries and Wages
Employee Benefits
Other Controllable Expenses
Total Controllable Expenses $ -
Income Before Occupancy costs $ -
Interest, Depreciation, and Income Taxes
Occupancy Costs
Interest
Depreciation
Total Occupancy Costs $ -
Restaurant Profit $ -

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