What is the budgeted profit (before tax) being planned by the West Coast Restaurant for 2021, given the following information? (All calculations will naturally round up to a whole number.) Revenue (food) Revenue (beverage) Food cost Beverage cost Labor cost Revenue: Food revenue Beverage revenue Total revenue Food cost Employee benefits Other operating expenses Fixed costs = 37% of total revenue USE THIS WORKSHEET TO CALCULATE THE BUDGETED PROFIT: Beverage cost Total cost of goods sold Operating expenses: Payroll Benefits Other operating expenses Total operating expenses $975,000 $135,000 Fixed costs Total costs Profit (before taxes) = 32% of food revenue = 22% of beverage revenue = 32% of total revenue = 18% of labor cost = 14% of total revenue $ 69 69 69 65 S S $ $ 69 69 69 69 69 (1 $ S S 2. When preparing the budget for 2022, the owner believes he can accomplish the following: . Increase food revenue by increasing the number of guests consuming food by an additional 12,000 guests, with guest check average being $22.50 Increase beverage revenues by 8% Make food costs 30% from new food revenue . Make beverage costs 20% from the new beverage revenue Make payroll costs 32% from the total new revenue, but benefit costs will increase by 6% over the initial amount (shown in question 1). . Make other operating expenses 12% of new total revenue . Fixed costs will remain at the same dollar amount as in the original budget in question 1 Question: What is the revised estimate of budgeted profit before tax? (All calculations will naturally round up to a whole number.)