Studemeir Paint \& Floors (SPF) is a retail store specializing in home improvement. The store has experienced net operating losses in it: Other Flooring Products line during the last few periods. SPF's management team thinks that the store will improve its profitability if it stops carrying the Other Flooring Products line. The operating results from the most recent period are: SPF estimates that store operating expenses are approximately 24% of revenues. Harish Rana, SPF's controller, states that while every sale has one purchase order, not every sales dollar requires or uses the same amount of store support activities. He conducts a preliminary investigation and his results and analysis are as follows: Harish estimates activity-cost rates for each activity as follows: Required: 1. Prepare a product-line profitability report for SPF under the current costing system. 2. Prepare a product-ine profitability report for SPF using the ABC information the controller provides. Complete this question by entering your answers in the tabs below. Prepare a product-line profitability report for SPF using the ABC information the controller provides. (Loss amounts shouid be indicated by a minus sign. Round operating margin (loss) to 2 decimal places (1.e, 0.2134 should be entered as 21.34% ). Round al other answers to nearest whole dollar.) Complete this question by entering your answers in the tabs below. Prepare a product-line profitability report for SPF using the ABC information the controller provides, (Loss amrunts should be Round all other answers to nearest whole dollar)