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On these Excel sheets, you will need to prepare a complete projected income statement in the contribution format for each scenario, in the manner of a flexible but The cells will be checked for appropriate formulas, when appropriafe. Please highlight the specific answer to the question being pased. Carolina Manufacturing Company has been operating at a loss for several years. A management team has assembled to determine what course of action to take next year to reach profitability. They begin by reviewing the most recent income statement (below). overhead is forty-five cents per unit. The plant has a capacity of 75,000 units per year. In order to facilitate the work of the management team, you are asked to prepare various spreadsheets and specific computations in Excel. A) Reformat the income statement in the contribution format. Include both a Total column and Per Unit column in the statement. B) Prepare two income statements in the contribution format (from Part A) which reflect each of the following independent scenarios: i) The controller would like to reduce the unit selling price by 20%. He believes that this would generate enough sales for the plant to reach capacity. ii) The sales manager would like to increase the selling price by 20%, increase the sales commission to 9% of sales, and increase advertising by $150,000. She believes that this would increase unit sales by one-third