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4. The following data are from a local boutique. Please complete the following tasked based on the data: A. Find out the total reduction occurred

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4. The following data are from a local boutique. Please complete the following tasked based on the data: A. Find out the total reduction occurred ($ and %); total cost of goods $ B. set up and complete an expanded P & L Statement ($ and %) for the boutique. Provide formulas for each of your calculation on the right side of the table; and C. Find out the IMU% for first pricing. Net sales = $250,000.00 markdowns = 15% Return and employee discount = 2.0% Shortages = 2.5%, Invoice = $130,000.00 Transportation = $15,000 Alteration = $12,000.00 Cash discount = $5,000 Operating Expenses = 28%

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