1. On June 12, 2002, Alpha Corporation was awarded a $160,000 contract for testing a product. The contract consisted of $143,000 for labor and materials, and the remaining $17,000 was profit. The contract had a scheduled start date of July 3. The network logic, as defined by the project manager by the customer resulted in the following project planning budget: Activity 2 3 4 5 6 7 8 9 10 11 12 13 14 15 AB 2000 2000 3000 3000 4000 4000 3000 AC 3000 3000 3000 4000 4000 4000 4000 2000 2000 1000 AD 5000 5000 6000 4000 4000 4000 3000 1000 BC 3000 4000 4000 5000 BE 6000 6000 CF 2000 | 3000 | 3000 DF 3000 3000 3000 4000 4000 EF 2000 2000 FG 3000 On August 27, 2002, the executive steering committee received the following report indicating the status of the project at the end of the eighth week: Activity % Complete Actual Cost Time Remaining (Based on Weeks) (Weeks) AB 100 $23,500 0 AC 70 $19,200 3 AD 75 $37,500 2 BC 75 $8,000 1 BE 50 $5,500 The steering committee could not identify the real status of the project from the brief report. Even after comparing this brief status report with the project planning budget above, the real status was not clear. Management instructed the project manager to prepare a better status report that depicted the true status of the project at the end of week eight. Your assignment is to prepare a table using the template available in the Blackboard assignment folder labelled "Alpha Project Status Report." Submit the completed Excel spreadsheet along with the rest of your assignment. (20pts)