3. A member of Lake City's town councilwho has been on the city council for almost 25 years, remembers everything, and has a particular fondness for the parkquestions the data you have presented. He presents you with a newspaper clipping from 1996 that claims the revenue in 1984 was just under $20,000 per year. Back at your desk, you tackle your new task of determining where this "under $20,000 per year" figure came from as well as how to explain nominal dollars and constant dollars to this member of the town council.a. Using the same nominal dollars as in assignment 2, add a column and calculate 1995 constant dollars.b. Add the 1995 constant dollars data to your graph.c. Using this graph, write a simple explanation about nominal dollars and the use of different base years to create constant dollars. The explanation should be no more than a page and written for an audience that does not have a financial background.