Customer Profitability Analysis Gonalong, Inc. has 10 customers that account for all of its $4,430,000 of net income. Its activity-based costing system is able to assign all costs, except for $650,000 of general administrative costs, to key activities incurred in connection with serving its customers. A customer profitability analysis based on activity costing produced the following customer profits and losses: Customer #1 $326,000 #2 624,000 #3 (247,000) #4 939,000 #5 1,020,000 #6 852,000 #7 608,000 #8 352,000 #9 (95,000) #10 701,000 Total $5,080,000 Prepare a customer profitability profile like the one in Exhibit 18.3. The following link includes an Excel worksheet to create the profitability profile graph: profitability_profile_template. Using the customer profitability analysis provided in the exercise to calculate the following profits. (i) Calculate the total profits from the 3 most profitable customers $ Answer (ii) Calculate the total profits for the 5 most profitable customers $ Answer (iii) Calculate the total profits for the 8 most profitable customers $ Answer (iv) Calculate the total profits for the 9 most profitable customers $ Answer