For the Income Statement for Barnaby's Hideaway the following changes are anticipated in the coming year: (26 MARKS) Both Food and Beverage Sales are expected to increase by 5% Food and Beverage cost percents will remain the same Salaries and wages will increase by 4% The cost of employee benefits will increase, but will continue to be the same percentage of salaries and wages Other Controllable Costs will increase by $6500 Occupancy Costs will increase by $2000 Interest and Depreciation will remain the same Prepare the operating Budget for the coming year Sales BARNABY'S HIDEAWAY INCOME STATEMENT YEAR ENDED DECEMBER 31, 20XX Food Beverage Total Sales Cost of Sales Food Beverage Total Cost of Sales Gross Profit Controllable Expenses Salaries and Wages Employee Benefits Other Controllable Expenses Total Controllable Expenses Income Before Occupancy Costs, Interest, Depreciation, and Income Taxes Occupancy Costs Interest Depreciation Total Restaurant Profit $11,20,964.00 $4,65,200.00 $3,92,337.00 $1,02,344.00 $3,96,541.00 $99,135.00 $2,75,330.00 $75,230.00 $25,600.00 $79,099.00 Change Upcoming Year $ $ LA LA LA $1,79,929.00 $1,40,548.00 $ $15,86,164.00 $ $ GA GA GA GA $4,94,681.00 $ $10,91,483.00 $ $ GA GA GA GA $ $ $7,71,006.00 $ $3,20,477.00 LA LA LA $ $ GA GA $ $ GAGA $ $ $ GA GA GA GA $ $ $ $ GA GA GA GA GA $ $ $ $