Exhibit 1: Pre-Brexit Income Statement,Assuming 1.00 = 1.36 j W\" W\" Sales in the UK. 40,000 8,000,000 U.K. Costs Contract Labor 40,000 200,000 (variable cost 5 each ) Import of Coffee 40,000 3,600,000 2,647,059 Machines (invoiced at 90 each ) Marketing and 400,000 Distribution Costs (Fixed costs) Other Fixed Costs: 500,000 Overheads, Interest, Depreciation, Rent, Salaries , etc . Profit (UK. Subsidiary) 4,252,941 - 1. Recalculate the income statement above using the post Brexit exchange rate of1.00 = 1.16, assuming that there are no changes in prices charged by the company to U.K. buyers. Calculate profits in both pounds and euros. Fill out Exhibit 2 below with your answers: Exhibit 2: Post-Brexit Income Statement,Assuming 1.00 = 1.16, no change in prices W \"m" \"m\" ' '3 ' Contract Labor (variable cost 5 each ) ' Import ofCoffee Machines (invoiced at 90 each )