Exercise 12-8 (Algo) Cost of Quality [LO12-2]Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizesthose costs using the four categories shown below:Last YearThis YearPrevention costs$ 385, 600$ 617, 500Appraisal costs$ 409, 400$ 545, 000Internal failure costs$ 758, 400$ 455, 090External failure costs$ 1,100,000$ 612, 000Required:ances1. Calculate the total cost of quality last year and this year.2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality.3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality.4-a. Calculate the change in total cost of quality over the two-year period.4-b. Is performance trending in a favorable or unfavorable direction?Complete this question by entering your answers in the tabs below.Req 1Reg 2Reg 3Req 4AReq 48Calculate the total cost of quality last year and this year.Last YearThis YearTotal cost of qualityReg 1Req 2