Question $3$

$14$

Points

Complete the Budgeted Income Statement for "Rest Assured"

Using the following Operating Expenses Budget, complete the Budgeted Income Statement for "Rest Assured".

Round all calculations off to the nearest whole number. Do not use commas or decimals.

Rest Assured

Operating Expenses Budget

For the Month Ending January $31,2022$

$$

$$January

$$

$$Housekeeping Wages Expense

$$$$15,392$

$$

Servers Wages Expense

$6,157$

$$

$$Management Salaries Expense

$15,000$

$$

$$Utilities Expense

$10,000$

$$

$$Property Tax Expense

$1,750$

$$

$$Insurance Expense

$2,350$

$$

$$Property Lease Expense

$37,516$

$$

$$Marketing Expense

$2,500$

$$

$$Total Operating Expenses

$$$$90,665$

$$

Summarize the Sales, Purchases and Operating Expense Budget information into a Budgeted Income Statement below.

Rest Assured

Budgeted Income Statement

For the Month Ending January $31,2022$

$$Operating Revenue$$

$$January

$$

$$ Rooms

$$$Blank $1$

$$

$$Restaurant

$$ Blank $2$

$$

$$Total Operating Revenue

$$ $Blank $3$

$$

$$

$$

$$

$$Operating Expenses

$$

$$

$$Rooms

$$

$$

$$Housekeeping Wages Expense

$$$Blank $4$

$$

$$Restaurant

$$

$$

$$Cost of Sales

$$Blank $5$

$$

$$Servers Wages Expense

$$Blank $6$

$$

$$Management Salaries Expense

$$Blank $7$

$$

$$Utilities Expense

$$Blank $8$

$$

$$Property Taxes Expense

$$Blank $9$

$$

$$Insurance Expense

$$Blank $10$

$$

$$Property Lease Expense

$$Blank $11$

$$

$$Marketing Expense

$$ Blank $12$

$$

$$Total Operating Expenses

$$ Blank $13$

$$

$$

$$

$$

$$Income from Operations

$$$Blank $14$

$$

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