Based on the information below, prepare an operating budget.

The sales budget is to be based on the anticipated volumes of business activity

indicated by the figures in the table below:

January February March April May June Budget Budget Budget Budget Budget Budget No of Guests/Day 30 30 30 30 30 30 Breakfast AVG $ spent per Guest 20 20 20 20 20 20 No of Guests/Day 50 50 50 50 50 50 Lunch AVG $ spent per Guest 30 30 30 30 30 30 No of Guests/Day 45 45 45 45 45 45 Dinner AVG $ spent per Guest 40 40 40 40 40 40 Days in month* 31 28 31 30 31 30 (*Note: All monthly revenues and expenses are to be calculated factoring in the number of days in each month.)