1.Fruit Company needs to know the pounds of apples to have on hand each day. Each pound of apple costs $0.25 and can be sold for $0.50. Unsold apples are worthless at the end of the day. After studying the last six months sales, Fruit Company estimates the future demand to be 300 pounds 55% of the time and 500 pounds 45% of the time. Required: Determine whether Fruit Company should order 300 or 500 pounds of apples by a. Prepare a table showing the operating income of each action choice for each possible order level. (Hint: there are total 4 possible operating incomes) b. What is the expected operating income of each order option?