Write a Memo to Mr. Baggins outlining your suggestions/recommendations. Use proper business communication format. For example: do not just say "needs improvement" or "should maintain the status quo." Evaluate the information and make substantive suggestions for improvements, and provide supporting detail to your suggestions. The expected length is a one page memo. Please be sure to use proper APA format.

PROMT: You have recently accepted the position of assistant manager at Ice Cream Haven, a family owned ice cream shop in Nashua NH. You just finished your accounting courses. The owner of Ice Cream Haven, Mr. Bilbo Baggins asks you to prepare a budgeted income statement for 2018 based on the information the owner has collected. Your budget income statement follows:

Please include the references** You do not want to give the Owner, Mr. Baggins, this budget without making constructive suggestions for steps Mr. Solo could take to improve the ice cream shops performance.

Ice Cream Haven Budgeted Income Statement for the year Ended June 30, 2018 Sales Revenue $244,000 Cost of Good Sold $177,000 Gross Profit $67,000 Selling and Administrative expenses Sales & Commisions Expense $46,000 Rent Expense $8,000 Depreciation Expense $2,000 Insurance Expense $800 Miscellaneous Expense $12,000 $68,800 Operating Loss ($1,800) Interest Expense ($225) Net Loss ($2,025)