Prepare a budgeted income statement for year 2. Vernon Cabins Operating Income Year 2 $ 4,209,975...

  

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Prepare a budgeted income statement for year 2. Vernon Cabins Operating Income Year 2 $ 4,209,975 392,931 102,060 Sales revenue Lodging Incidentals Forfeited deposits Total revenues $ 4,704,966 Costs Labor Incidentals Miscellaneous Utilities, etc. 102,600 Depreciation 495,000 Management 124,800 Marketing Property taxes Total costs Operating profit $ 2,398,600 $ 2,306,366 216,200 1,460,000 Prepare a budgeted income statement for year 2. Vernon Cabins Operating Income Year 2 $ 4,209,975 392,931 102,060 Sales revenue Lodging Incidentals Forfeited deposits Total revenues $ 4,704,966 Costs Labor Incidentals Miscellaneous Utilities, etc. 102,600 Depreciation 495,000 Management 124,800 Marketing Property taxes Total costs Operating profit $ 2,398,600 $ 2,306,366 216,200 1,460,000