Use the income statement data in the table to answer the below questions: (000's) Revenue Cost of revenues and operating expenses Operating income 2017 $17,539,070 (16,281,051) $1,258,019 2016 $13,246,004 (13,098,858) $147,146 ========= =========== a) Develop a cost-estimation equation for Netflix's annual cost of revenues and operating expenses (Hint: Use the High-Low Method) b) Determine Netflix's annual break-even point. c) Predict operating profit for 2018, assuming 2018 sales of $15,794,341 d) Using www.sec.gov, look up Netflix's 2018 Operating income reported in the 10K. e) is the cost-estimation equation created in a) a useful framework for predicting Netflix's operating income? Use the income statement data in the table to answer the below questions: (000's) Revenue Cost of revenues and operating expenses Operating income 2017 $17,539,070 (16,281,051) $1,258,019 2016 $13,246,004 (13,098,858) $147,146 ========= =========== a) Develop a cost-estimation equation for Netflix's annual cost of revenues and operating expenses (Hint: Use the High-Low Method) b) Determine Netflix's annual break-even point. c) Predict operating profit for 2018, assuming 2018 sales of $15,794,341 d) Using www.sec.gov, look up Netflix's 2018 Operating income reported in the 10K. e) is the cost-estimation equation created in a) a useful framework for predicting Netflix's operating income