You are taking over as FOM of a hotel. The most recent data and expectations are set forth below. Room Statistics Singles Doubles Suites Rooms Occ % ADR 110 67.0% $148.00 147 132 41.0% $197.00 23.0% $344.00 Payroll costs Fixed labor costs (annual) $386,000 Variable labor costs 13.0% of room sales Other expenses % of rm sales Commissions 1.8% Laundry 2.7% Operating Supplies 0.8% Linen 0.3% Uniforms 2.1% All other 0.6% Budget Year Assumptions 2020 2021 2022 2023 2024 Occupancy Increase (percentage points) 2.0% 2.0% 1.0% 1.0% ADR Increase (dollars) $2.90 $2.00 ($0.70) ($1.50) variable labor costs inflation 4.0% 4.0% 3.0% 3.0% fixed labor costs inflation 1.0% 2.0% 3.0% 3.0% 1.0% 6.0% 6.0% 1.0% other costs inflation Required: prepare a five year budget for the rooms department. Show the rooms department profit as both a dollar amount and as a percentage Show all work!!