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explain step 1-4 in detailwill LIKE if it work FC GIVEN VC/UNIT 66 VC % 75.00% 396,000 TAX RATE 30% AFTER-TAX NI 141,680 REQUIRED PREPARE

explain step 1-4 in detailwill LIKE if it work image text in transcribed
FC GIVEN VC/UNIT 66 VC % 75.00% 396,000 TAX RATE 30% AFTER-TAX NI 141,680 REQUIRED PREPARE A COMPLETE INCOME STATEMENT REFLECTING THE ABOVE DATA PER UNIT SALES 100.00% 88 VC 75.00% 66 CM 25.00% 22 FC PT 100.00% TAX 30.00% AT 70.00% TOTAL UNITS = 27,200 2,393,600 1.795 200 598,400 396 000 202,400 60 720 141,680 FC GIVEN VC/UNIT 66 VC % 75.00% 396,000 TAX RATE 30% AFTER-TAX NI 203,280 REQUIRED PREPARE A COMPLETE INCOME STATEMENT REFLECTING THE ABOVE DATA % PER UNIT SALES 100.00% 88 VC 75.00% 66 CM 25.00% 22 FC PT 100.00% TAX 30.00% AT 70.00% 31,200 TOTAL UNITS = 2,745,600 2,059,200 686,400 396,000 290,400 87.120 203,280

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