Question: Help Save & E Ralph's Restaurant has the following information for year 2, when several new employees were added to the waitstaff. Chee Sales revenue
Help Save & E Ralph's Restaurant has the following information for year 2, when several new employees were added to the waitstaff. Chee Sales revenue Cost of food served Employee wages and salariest Manager salaries Building costs (rent, utilities, etc.) $110, 39,660 15,460 21,00 16.000 15 percent of this cost was for food that was not used by the expiration date and 10 percent was for food that was incorrectly prepared because of errors in orders taken 15 percent of this cost was for time spent by cooks to reprepare orders that were incorrectly prepared because of errors in orders taken 20 percent of this cost was time taken to address customer complaints about incorrect orders d 100 percent of the building was used. Required: a. Using the traditional income statement format, prepare a value income statement. (Loss amounts should be indicated with a minus sign.) RALPH'S RESTAURANT Value Income Statement
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