5 Morrisey & Brown Lid of Sydney is a merchandising company that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the three most recent months follow Horrie Brod Inco For the Three Manth Ende September 30 Sales in mit 4.000 $ 200.000 240.000 100.000 Art 4.600 350.000 270.000 180.000 Heptant 5.000 500,000 100,000 200.000 Costu od sold Selling ud adinitive pent Advent the Shipping experte Sains and citi Insurance expende Depreciation expense Total selling and animative expert Net operating income 21.000 34.000 78. DOO 8.000 15.00 154.000 3 6.000 21.000 30.000 84.000 6.000 15.000 162.000 $18.000 21.900 38.000 90.000 0.000 15.000 170.00 $ 30,000 Required: 1. By analyzing the data from the company's income statements, classify each of its expenses (including cost of goods sold) as either variable fixed, or mixed 2. Using the high-low method, separate each mixed expense into vanable and fixed elements. Express the variable and fixed portions of each mixed expense in the form Y=a bX 3 Redo the company's income statement at the 5,000-unit level of activity using the contribution format Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the high-low method, separate each mixed expense into variable and fixed elements. Express the variable and fixed portions of each mixed expense in the form y+bX Shipping experise Salaries and commissions Variable Cost 4 per unit 12 per unit Fixed Cont 5 38.000 $ Formula 5.000 $ $