Please don't do a paper writing those are hard for me to read and understand. Type out response please

It is 2022. The US government has passed a new federal minimum wage of $11.00/ hour. It will go into effect on January 1, 2023. Please follow the instructions, given the background information in items A, B, C, and D below. Instructions 1. Calculate the immediate financial impact in 2023 (change in hourly wages) on the profitability of the company due to the impending increase in the minimum wage. Ignore tax issues such as employment tax in your calculation.

Background Information A. The company has 19 employees, which includes two assistant managers. The owner is the only shareholder of the company. B. 6 employees earn $8.00/ hour which is slightly above the current federal minimum wage, but $3/ per hour below the new federal minimum wage. C. The other employees earn the following: ii. 6 earn $13/ hour iii. 3 earn $18/ hour iv. 2 earn $22/ hour v. The 2 managers each earn $50,000 per year