Answer #3. please show work

ew 12 + BIUA C 15 HT 2 Hershey's chocolate factory is introducing a new chocolate and has hired you to conduct a financial analysis to figure how well the chocolate will do. They provided you with the information below to help you conduct your analysis. Assistant manager's salary: $2,500 cocoa butter per bar of chocolate: $1 monthly utilities: $500 milk per bar of chocolate: $0.20 Rent: $4,000 Manager's salary: $3,000 Sugar per bar of chocolate: 0.80 secret ingredient for each bar of chocolate: $1.50 Factory worker wages per bar of chocolate: $1.50 Hershey has decided to use Connecticut as a test market and the average price of a large bar of chocolate in Connecticut is $12.50. There are also 1 million bars of chocolate sold in Connecticut every month. Hershey plans to use penetration pricing and as such decides to sell this new chocolate bar for 80% of the average price of a chocolate bar sold in Connecticut. They also project that they will be able to sell the equivalent of 1% of the bars of chocolate sold in Connecticut Use the numbers provided above to answer questions below. Make sure that you show all formulas and also show all your calculations since there will be points awarded for the formula and calculations. 2. The company needs to know how much profit they will make. Using their projections of what they think they can sell, calculate their profits using the profit equation. (20 points) 3. Create a Proforma Income Statement using the information provided in the pages above. The Cost of Goods Sold in this scenario is equal to the Total Variable Cost. Focus on the quantities sold that are associated with the Profit equation calculation in question 2. Not the break even quantities (20 points)