You have the following information from the Aracaf Restaurant. Cost of sales are 47% of total sales and wages are 26% of total sales. Rent expense for the month is $13,000, utilities expense is $5,500 and insurance expense is $4,000. 1. Calculate the break-even sales level for the month. b) Actual Sales for the month were $400,000. Determine the net income (or loss) for the month.