2) Iceberg Corp has been hit with a cyber attacked. When the CFO tries to print off the company's Income Statement, it comes out in a mixed order. Below is the Income Statement. Depreciation, Office 5 35,351 Office Wages 5 1,026 Office Supplies Expenses 5 37,120 Advertising Expenses 5 15,990 Revenue $338,700 Purchased Raw Material 5 29,223 Raw Material, Jan 31 $ 32,422 Raw Material, Jan 1 5 32,522 Work in Process, Jan 31 5 2,687 Work in Process, Jan 1 5 2,437 Finished Goods, Jan 31 5 17,851 Finished Goods, Jan 1 $ 17,951 Direct Labour 5 19,083 Indirect Labour 5 8,182 Factory Rent 5 23,946 Factory Maintenance 5 17,338 Deprecation, Factory 5 45,571 Required - worth 10 marks: The CFO has asked you to recreate the Income Statement, using the Gross Margin Approach. HINT: You will need to complete the Cost of Manufacturing. 3) Company Blah Blah Blah wants to be able to better predict its profitability. To do so it has printed off its Income Statement for the last six periods. Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Units 9,869 6,318 5,842 9,720 8,821 5,671 Revenue 88,821 56,862 52,578 87,480 79,389 51,039 Expenses: Expense 1 17,369 13,818 13,342 17,220 16,321 13,171 Expense 2 17,345 17,345 17,345 17,345 17,345 17,345 Expense 3 29,607 18,954 17,526 29,160 26,463 17,013 Expense 4 9,869 6,318 5,842 9,720 8,821 5,671 Profit 14,631 427 -1,477 14,035 10,439 -2,161 Required - worth 10 marks: The company knows that units drive ALL of its variable costs. Assume, no relevent range concerns. Using the data above, create Blah Blah Blah's profit formula. Using that formual, demonstrate Blah Blah Blah's profit if 11,000 units were sold