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Question 12 Refer to Marriott's condensed Income Statements for two years information shown below. The...

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Question 12 Refer to Marriott's condensed Income Statements for two years information shown below. The company operates on a 365 days per year basis and has 25 unique rooms available. Income Statement - December 31st Condensed) Year 2018 Year 2019 Sales Revenue Rooms (Marriott sold 8,783 rooms for the year) Sales Revenue-Beverage Sales Revenue Food Interest income Total Gross Revenues $180,060 $13.006 $14,426 $80 $207,572 $189,063 $14,307 $15,292 $80 $218,741 Cost of sales. Food Cost of sales. Beverage Total Operating costs $4,603 $3.050 7,653 $4,879 $1691 8,569 Rooms - Payrol & Related Benefits Food & Beverage - Gross Payrol & Related Taxes Gross Employees Benefits Interest expense $21,500 $16,600 $21,600 $20.194 $22,145 $17,098 $22 248 $20,800 27.622 Income tax Total Operating Costs 25.973 113.520 118.4R2 Net Income $94,052 $100,259 Credit card sales revenues represents 75% of all sales revenue Accounts receivable sales revenues represents 10% of all sales revenue, and all other revenues are cash sales Question 2 Prepare horizontal analyses for Income Statement 1. Point) Prepare comments on which revenue (profit) center shows the highest increase in cost of sales, and highest increase in sales revenue year over year (0.5 Point)

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