Question: Table Design Layout Normal No Spacing Heading Styles Id 9 400 Q1. Complete the following 4th quarter income statement based on the assumption that
Table Design Layout Normal No Spacing Heading Styles Id 9 400 Q1. Complete the following 4th quarter income statement based on the assumption that the restaurant will be closed. Hint: Adjust the accounts based on the information listed in the table above.) 4th Qtr. Income Statement Twagraph Sales revenue Open 6,400 Closed Cost of sales 18.100 Gross margin 28.300 Operating Expenses Wages & salaries 17,800 Supplies 1,100) Advertising 600 Utilities 2,400 Maintenance 400 Insurance 1,200 Interest 250 Depreciation 700 Rent 6000 Total operating expenses 10.950 Operating Income 2000 02. What is the operating income for the whole year it the restaurant is dad in the quarter? a J a G 14 2 . 614 C % 25 2 4 4 & 28 ONLI 6 7 8 T Y U 11 9 ( 1 0 O P L G H JK B N M < ^
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