What is the budgeted profit (before tax) being planned by the Sunshine Restaurant for the current year, given the following information? (Round all calculations to hundredth (.00)

Food Sales $723,556.00

Salaries and Wages $228,456.00

Beverage Sales $224,945.00

Other Controllable $145,532.00

Beverage Cost $ 57,534.00

Employee Benefits $ 14,667.00

Food Cost $265,998.00

Occupancy Costs $ 44,860.00

Depreciation Expense $ 74,856.00

Interest $ 21,790.00

Answer Worksheet:

BUDGET SUNSHINE RESTAURANT 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*
Restaurant Profit

*Note: Total means total for Income before Occupancy costs, Interest, Depreciation, and Income Taxes