Answer the required:

CASE 2: (FINANCIAL VS. MANAGERIAL ACCOUNTING) TacticalCombat.Com sells sporting goods and athletic apparel over the internet. In its first two years of business the company had relatively high sales but also suffered large losses. The company's income statement (filed with SEC, mailed to stockholders, and available on the company's Website) was as follows: 2018 2017 Sales P5,860,340 P1,393,500 Cost of sales 4,568,421 1,165,247 Gross profit 1,291,919 228.253 Selling, general, and administrative expenses: Payroll and payroll taxes 945,672 654.783 Stock and option based compensation 485,622 125,367 Occupancy and office expenses 523,160 321,456 Contract services and professional fees 704.880 436,050 Internet servicing expenses 201,458 136,598 General and administrative expenses 687.482 359,657 Advertising and promotion 1,257,863 684.571 Depreciation and amortization 19,875 12.458 Total P4.826,012 P2,730,940 (Loss) from operations -P3.534.093 -P2.502.687Module 1 - Activity 1 Required: a. Assume you are a senior manager of the company. What forward looking information would you like to see in addition to the income statement which reports prior period profit and loss? b. Is the information in the income statement sufficiently detailed for management's needs? Provide four examples of more detailed information that managers would likely request