Environmental Cost Report Verde Company reported operating costs of $45,000,000 as of December 31, 20x5, with the following environmental costs: Testing for contamination $ 855,000 Inspecting products 810,000 Treating toxic waste 2,205,000 Obtaining ISO 14001 certification 945,000 Designing processes 630,000 Cleaning up oil spills 3,420,000 Maintaining pollution equipment 765,000 Cleaning up contaminated soil 4,995,000 Required: 1. Prepare an environmental cost report, classifying costs by quality category and expressing each as a percentage of total operating costs. Round percentages to two decimal places, if rounding is required. For example, 5.79% would be entered as "5.79" Percentage of Operating costs Verde Company Environmental Cost Report For the Year Ended December 31, 20x5 Total Environmental Environmental Cost Cost Prevention costs: Obtaining ISO 14001 certification 945,000 Designing processes 630,000 1,575,000 Detection costs: Testing for contamination 855,000 3.5 % 810,000 1,665,000 3.7 % 2,205,000 Inspecting products Internal failure costs: Treating toxic waste Cleaning up oil spills x External failure costs: Maintaining pollution equipment x Cleaning up contaminated soil 3,420,000 X 5,625,000 X 12.5 X % 765,000 X 4,995,000 5,760,000 X 12.8 X % Total quality costs 14,625,000 32.5 %