GPB Manufacturers Incorporated is planning for their next fiscal year. They've called a meeting with their production managers, marketing managers, and strategic managers. Together the group has created various plausible scenarios. The CEO of the company has asked you to analyze two of these scenarios in further detail. Prepare the full projected income statements for Alternative #1 and Alternative #2. Determine what the best alternative is (base year, alt #1, or alt #2) and why.

See below for the current base the scenarios were based off of as well as the assumptions for the two separate scenarios:

* Add'I Information: 1,000 units produced and sold in the period. ALTERNATIVE SCENARIO \#1: Focus on increased quality (thereby increasing production costs) and branding (increased marketing to demonstrate premium brand image). ALTERNATIVE SCENARIO \#2: Switch to cheaper input costs (less expensive materials and outsource labour), but lower sales price per unit to account for the drop in quality. * Add'I Information: 1,000 units produced and sold in the period. ALTERNATIVE SCENARIO \#1: Focus on increased quality (thereby increasing production costs) and branding (increased marketing to demonstrate premium brand image). ALTERNATIVE SCENARIO \#2: Switch to cheaper input costs (less expensive materials and outsource labour), but lower sales price per unit to account for the drop in quality