Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the updated scenario information to analyze your company's performance. they require board meetings for status updates on the company's Post-opening Scenario: Your angel investors are silent in relation to the business financial health. Therefore, you need to analyze your company's performance over the last month using the data provided below ructor will reate an announcement sharing the income statement data by the end of Module Four. All of the data you need for the cost-of goods-manufactured statement can be found in the "COGM Schedule tab of your workbook For your variance analysis, use the following financial data Actual Rate 11.50 Actual Price $3 Actual Hours Standard Hours 150 Standard Quantity 1000 Standard Rate $12 Standard Price $2 Grooming labor Grooming Materials Actual Quantity 1200 Prompt: Complete your work in the provided workbook by assessing your company's financial performance, specifically addressing the following critical elements Financial Statements o Create a statement of cost of goods manufactured in the COGM Schedule tab. o Create an income statement in the "Income Statement" tab Activate Windows o to Pg settings to activ . Variance Analysis o Identify all variances for the direct labor time and the materials price in the Variances" tab. o Evaluate the significance of the variances in the "Variances" tab