Westley Fong, manager of The Lucky $88$ Motel, has a contract with Appraisers Associates to appraise his $150-$room motel, which is located in beautiful downtown Wahiawa. the consultant on the job determines the following:

$1.$ Occupancy percentages for the most recent year were as follows:

Daily occupancy $\%=80\%$

Double occupancy $\%=40\%$

Average occupancy per room $=1\mathrm{.}5($use this only as a double check, not a formula$)$

$2.$ Average room rates were as follows:

Single rooms $=$ $$195\mathrm{.}00$

Double rooms $=$ $$270\mathrm{.}00$

$3.$ Room expenses were as follows:

Labor$--$fixed $=$ $$90,000$

Labor$--$variable $=16\%$ of room sales

Other variable expenses $=4\%$ of room sales

$4.$ Food sales for the most recent year were as follows:

a$.$ Breakfast:

$60\%$ of guests staying in singles dined in the motel's restaurant

$40\%$ of guests staying in doubles dined in the motel's restaurant

The average check was $13\mathrm{.}95$

And average of $10$ breakfast guests per day were non$-$room guests

b$.$ Lunch:

$20\%$ of the hotel guests used the facilities

$60\%$ of lunch guests were non$-$room guests

The average check was $$21\mathrm{.}50$

c$.$ Dinner

$30\%$ of guests staying in singles dined in the restaurant.

$10\%$ of guests staying in doubles dined in the restaurant.

$20\%$ of dinner guests were non$-$room guests.

The average check was $$40\mathrm{.}70.$

$5.$ The food service expenses for a recent year were as follows:

a$.$ Cost of sales: $31\%$

b$.$ Labor: fixed $=$ $$65,000,$ variable $=20\%$ of food sales

c$.$ Other: fixed $=$ $$13,000,$ variable $=15\%$ of food sales

$6.$ Telephone sales and expenses for the most recent year were as follows:

a$.$ Telephone sales were $3\%$ of total revenue of the motel

b$.$ Telephone expenses were $95\%$ of telephone sales

$7.$ Other expenses of the motel were as follows:

Fixed Expenses Variable

$(\%$ of Total Revenues$)$

Administrative & general $$120,0004\%$

Marketing $50,0003\%$

Property operation & maintenance $40,0005\%$

Utilities $12,0001\%$

Insurance $15,000--$

Property taxes $30,000--$

Rent $2,000--$

Required:

$1.$ Prepare an operations statement for the most recent year $(20$X$0)$ based on the above information.