What is the initial budgeted Profit (before Tax) Being planned for the current year , given the following information?

• Revenue (Food) $975,000
• Revenue (Beverage) $135,000
• Food cost = 31% of food revenue
• Beverage cost = 22% of beverage revenue
• Labor cost (payroll) = 34% of total revenue
• Employee benefits = 18% of labor cost (payroll)
• Other operating expenses = 14% of total revenue
• All fixed cost = 8% of total revenue