EXERCISE 2.4 1. ABC Company's income and expense for year 2009 are shown in Figure 2.4.4, in B2 and B3. ABC expects that Incomes to increase by 10% each year for five consecutive years ending in 2014. Expenses are expected to increase $1,000 each year. Compute the projected incomes and expenses and profits from 2010 thru 2014. a) Enter formulas in C2 and C3 for projected income and expense for 2010. b) Enter formulas in B4 to compute the profit. Copy the formula in B4 to C4. c) Copy the formulas in column C to the columns on the right until column G. A B C D E F G 2009 2010 2011 2012 2013 2014 2 Income 10000 00 -1-17. 3 Expense 9500 00 4 Profit Figure 2.4.4