Font Paragraph uestion 3 (10 marks) Tania is the owner of a beauty salon called Forever Beauty. Tania has been concemed with the declining profit of the eyebrow waxing part of her business. She doesn't have much nowledge about accounting but leamt a few basic things from a friend. She prepared the following profit & loss statement to see if she should drop eyebrow waxing services on her business. $75 500 Service revenue (waxing) Operating expenses: Wax Waxing cloth Utilities- allocated Wages of two beauticians (waxing only) Depreciation of building-allocated Salon manager's salary-allocated Depreciation equipment-allocated Depreciation walking equipment Total expenses Loss on waxing services S6 879 S4 500 $5 000 $30 000 515 000 S18 500 $3400 S: 400 $86 679 (511 179) Required: 1. Comment on the above profit and loss statement prepared by Tania. (3 marks) 2. Prepare a correct analysis (profit and loss statement with the expenses that should be relevant to the decision making). (6 marks) 3. Should the waxing service be dropped from the business? (1 mark)