Instructions:You have recently opened a restaurant. Upon checking and analyzing, it is anticipated that the restaurant is earning good profits. From a business perspective, it is very important to maintain the productivity and profitability of the restaurant. Prepare an income statement demonstrating fixed and variable costs. The costs in the income statement is going to be estimated according to your preferences. While preparing the Income statement, you have to identify the core areas where you can increase and decrease the cost of the restaurant. You must analyze why and which areas cost you are increasing and decreasing based on your observation. Do the Critical analysis in which you will explain an area and areas of improvement and why. Kindly, Reference Book for more detailed information. Assignment should be properly inclined with supporting paragraphs. Introduction What is income statement and why it is important? Area or areas for improvement Critical Analysis ConclusionWhat are my expectations? Authentic and Genuine information Follow APA Format. If you are using outside resource, make sure to follow APA format. The Minimum page limit is two. Provide information which we can use or have been used in the Hotel.What is Critical Analysis? Critical analysis is examining different idea and improvising the implications. It helps in understanding the root cause of the issue which gives the valid and practical solutions. Conclusion A conclusion is final part of the assignment in which you will provide the overview of the whole assignment