Environmental Cost Report At the end of 20x5, Bing Pharmaceuticals began to implement an environmental quality management program. As a first step, it identified the following costs in its accounting records as environmentally related for the calendar year just ended: 20x5 Settling personal injury claims Treating and disposing of toxic waste $3,000,000 12,000,000 Cleanup of chemically contaminated soil 4,500,000 Inspecting products and processes 1,500,000 Operating pollution control equipment 2,100,000 Licensing facilities for producing contaminants 900,000 Evaluating and selecting suppliers 300,000 Developing performance measures Recycling products Required: 150,000 187,500 1. Prepare an environmental cost report by category. Assume that total operating costs are $150,000,000. Round percentages to two decimal places, if rounding is required. For example, 5.79% would be entered as "5.79". Bing Pharmaceuticals Environmental Cost Report For the Year Ended December 31, 20x5 Environmental Costs Total Percentage of Operating Costs Prevention costs: Evaluating/selecting suppliers Recycling products Detection costs: Inspecting products/processes Developing performance measures Internal failure costs: Treating/disposing toxic waste Operating equipment Licensing facilities External failure costs: Settling claims Cleanup of soil Total quality costs |00 000 00 00 0 0 0Q % % % % %