Part II: Open Ended Accounting Problems Instructions: Determine a final numerical answer for each question. You will record your ANSWERS ONLY on THPS-1 Answer Submission Form on iCollege. For all questions (unless otherwise specifically instructed), round (if necessary) all answers to whole dollar amounts (i.e., zero decimal places), but you will NOT record the dollar sign or any commas on iCollege. For example, round $24,302.84 to $24,303 and record this value on iCollege at 24303. Financial statement data for Boutique Factor (a high-end clothing retail company) are given below. All figures are in dollars. Use this data to construct an Income Statement for the year ending December 31, 2022, and use your constructed statement to answer the following 4 questions. 16. What was gross profit from Boutique Factor's income statement for the year ending December 31, 2022? 17. What was operating profit (i.e., EBIT) from Boutique Factor's income statement for the year ending December 31, 2022? 18. What was profit before taxes (i.e., EBT) from Boutique Factor's income statement for the year ending December 31, 2022? 19. What was net income from Boutique Factor's income statement for the year ending December 31, 2022