Youhave recently accepted the position of assistant manager at Ice Cream Haven, a family owned ice cream shop in Nashua NH. You just finished your accounting courses. The owner of Ice Cream Haven, Mr. Bilbo Bagginsasks youto prepare a budgeted income statement for 2018 based on the information the owner has collected. Your budget income statement follows:

	Ice Cream Haven
	Budgeted Income Statement
	For year ended June 30, 2018
Sales Revenue	$244,000
Cost of Good Sold		$177,000
Gross Profit		$67,000
Selling and Administrative Expenses
Sales & Commissions Expense	$46,000
Rent Expense	$8,000
Depreciation Expense	$2,000
Insurance Expense	$800
Miscellaneous Expense	$12,000	$68,800
Operating Loss		($1,800)
Interest Expense		($225)
Net Loss		($2,025)

You do not want to give the Owner, Mr. Baggins, this budget without making constructive suggestions for steps Mr. Solocould take to improve the ice cream shops performance.

Requirement:

Write a Memo to Mr. Bagginsoutlining your suggestions/recommendations. Use proper business communication format. Evaluate the information and make substantive suggestions for improvements, and provide supporting detail to your suggestions. The expected length is a one page memo. Please be sure to use proper APA format.