4. Develop a product specific; Income Statement assuming production is done inuhouse with the new equipment. (also referred to as Profit and Loss Statement, or P&L) The company would like to see the statement carried out over 5 years. Also, per pound data should be shown on each line of the P&L. Show the annual cash ow at the bottom of the income statement. a. The company likes to see individual components of Cost of Goods Sold on separate lines of the P81}... The components are grouped into variable and fixed, with subtotals at each level, and they classify COGS according to: i. Raw Materials ii. Packaging Materials iii. Labor iv. Overhead Separate line item for each category of Overhead b. It also likes to see Selling, General, and Administrative items broken out into their own line on the P&L, all rolled into a subtotal of SGA expenses