Kindly solve with all steps explanation Example $2$: the following is the income statement of Giza Co$.$ for the period ended December $31,2011$: Exercise:

The following is the income statement of Giza Co$.$ for the period ended December $31,2011$ :

$\backslash$table$[[$Description$,$Product X$,$Product Y$,$Product Z$,$Total$]]$

$$

$\backslash$table$[[$Sales Revenue,,,,$],[-$ Variable cost,$50,000,60,000,90,000,],[$Contribution margin,$30,000,?,72,000,],[-$ Avoidable fixed cost,?,$15,000,,],[-$ Unavoidable fixed cost,?,$5,000,20,000,],[$Net income $($loss$),10,000,12,000,5,000,]]$

Required:

Complete the income statement

Do you advise the company to delete any product?

If the company can increase the sales of all products by $20\%,$ do you still advice the company to delete any product? Justify?

$\backslash$table$[[$Description$,$Product X$,$Product Y$,$Product Z$,$Total$],[$Sales Revenue,$40,000,60,000,100,000,?],[$Less: Variable cost,?,?,$(55,000),?],[$Contribution margin,$10,000,?,?,?],[$Less: Avoidable fixed cost,$(11,000),(5,000),(4,000),?],[$Less: Unavoidable fixed cost,$(8,000),(12,000),?,?],[$Net income $($loss$),?,3,000,21,000,?]]$

Required:

$1-$ Complete the income statement

$2-$ Do you advise the company to delete any product?

$3-$ If the company can increase the sales of all products by $20\%,$ do you still advice the company to delete any product? Justify?

thanks