The following information is provided for Your Favorite Restaurant: Sales consist of Food for $ 180,000 and Beverage for $ 420,000. Cost of Sales consist of Food for $72,000 and Beverage for $ 95,000. Labour costs consist of Management for $12,800 and Staff and employee benefits for $ 68,400. Other Controllable Expenses consist of Direct Operating for $ 12,000; Marketing for $ 43,000 and Gen and Admin for $ 64.500

Required:

a) Prepare an Income Statement showing total sales, total cost of sales, total Labour total other controllable expenses and Prime Costs and Controllable Income 6 pts

b) Prepare a vertical analysis showing the percentage to two decimal places for each of the line items provided 4 pts