Answer:
Explanation:
1). EBIT = Sales - Expenses - Depreciation
Sales = 430,000
Ingredients expenses = 43,000
Utilities expenses = 21,500
Rent expense = 77,400
Salary payments = 86,000
Salary to herself = 64,500
Employee benefits expenses = 43,000
Depreciation = 12,900
EBIT= $430,000 - $43,000 - $21,500 - $77,400 - $86,000 - $64,500 - $43,000 - $12,900 = $81,700