Jaguar tea shop located at Davao city has been established in 2010. It has a total of 100 seating capacity and a total cover of 46908 for the year 2020 and 54344 for 2021. Required: Assess the operating expenses part. Provide negative and positive observation.
Extracted text: Income Statement 2019 and 2020 Revenue 2020 2021 2,490,760 1,524,340 990,568 5,005,668 3,780,000 2,140,000 1,021,960 6,941,960 Food Sales Beverage Sales Merchandise Sales Total Sales Cost of Sales 1,131,194 644,270 350,122 2,125,586 1,452,110 861,681 420,039 2,733,830 Food Cost Beverage Cost Merchandise Cost Total Cost of Sales Gross Profit 2,327,890 1,278,319 601,921 4,208,130 Food 1,359,566 880,070 640,446 2,880,082 Beverage Merchandise Total Gross Profit Operating Expenses 48,000 180,000 50,000 183,800 80,000 97,680 540,000 1,843,500 141,880 56,800 150,670 3,372,330 Accounting Depreciation Donation 32,000 100,000 20,000 133,600 80,000 67,880 480,000 1,423,160 141,880 51,400 105,920 2,635,840 Utilities Insurance Advertising Rentals Salaries Maintenance Telephone Transportation Total Operating Expenses Operating Income 244.242 94,879 835,800 94,880 Interest Income before Income Taxes Income Taxes 149,363 740,920 88,910 17,924 Net Profit/Loss 131,439 652,010