8. Schneider Electric manufactures power distribution equipment for commercial customers, such as hospitals and manufacturers. Activity-based costing was used to determine customer profitability. Customer service activities were assigned to individual customers, using the following assumed customer service activities, activity base, and activity rate: Assume that the company had the following gross profit information for three representative customers: The administrative records indicated that the activity-base usage quantities for each customer were as follows: a. Prepare a customer profitability report (Exhibit 16 in the textbook) dated for the year ended December 31, 2020, showing: i. the income from operations after customer service activities. ii. the gross profit as a percent of sales. iii. the income from operations after customer service activities as a percent of sales. Prepare the report with a column for each customer. Round percentages to the nearest whole percent. b. Interpret the report in part (a). How well or poorly is the company doing and why