You've been tasked with creating a basic income statement for Leather Bags using the information below: Assumptions: Sales Prices --Basic bag: $200/each --Premium bag: $350/each Costs: --Rent: $24,000/year --COGS (basic): $90 --COGS (premium): $145 --Manager Salary: $80,000/year --COGS (premium): $145 --Manager Salary: $80,000/year --Utilities: $600/month --Depreciation: $800/year --28% corporate tax 1. What would your profit/loss be if you sold (2500 basic bags) and (1200 premium bags)? 2. What would your profit/loss be if you sold (4000 basic bags) and (1900 premium bags)? 3. What is your sales breakeven? 1. How many basic bags would you need to sell to breakeven? 2. How many premium bags would you need to sell