If you could please do each of the required question.

Blazer Chemical produces and sells an ice-melting granular used on rosdways and sidewslks in winter. It annually produces and sells 22,125 tons of its granular. Becouse of this year's mild winter, projected demand for its product is only 17700 tons. Besed on projected production and ssles of 17,700 tons, the compony estimates the following income using absorption costing. ts product cost per ton follows and consists mainly of fixed overhead becouse its automated production process uses expensive equipment. Selling and administrative expenses consist of voriable selling and administrative expenses of $6 per ton and fixed selling and odministrative expenses of $318,000 per year. The compony's president will not earn a bonus unless a positive income is reported. The controller mentions that becouse the compony hos large storage capscity, it can report o positive income by setting production at the usual 22,125 ton level even though it expects to sell only 17,700 tons. The president is surprised that the compony can report income by producing more without incressing ssles. Required: 1. Prepsre an income statement using absorption costing bssed on production of 22,125 tons and sales of 17,700 tons. Cen the compeny report o positive income by incressing production to 22,125 tons and storing the 4,425 tons of excess production in inventory? 2. By how much does income incresse by when producing 22,125 tons and storing 4,425 tons in inventory compered to only producing 17,700 tons? Complete this question by entering your answers in the tabs below. Prepare an income statement using absorption costing based on production of 22,125 tons and sales of 17,700 tons. Can the company report a positive income by increasing production to 22,125 tons and storing the 4,425 tons of excess production in inventory? (Round your answers to the nearest whole dollar.) Blazer Chemical produces and sells an ice-melting granular used on roodways and sidewslks in winter. It annually produces and sells 22,125 tons of its granular. Becouse of this year's mild winter, projected demand for its product is only 17,700 tons. Based on projected production ond sales of 17,700 tons, the company estimstes the following income using obsorption costing. Its product cost per ton follows and consists mainly of fixed overhesd because its automated production process uses expensive equipment. Selling and administrative expenses consist of voriable selling and odministrative expenses of $6 per ton and fixed selling and odministrative expenses of $318,000 per yesr. The compony's president will not earn o bonus unless a positive income is reported. The controller mentions that becouse the compeny has large storsge capocity, it can report s positive income by setting production at. the ususl 22,125 ton level even though it expects to sell only 17,700 tons. The president is surprised that the compony can report income by producing more without incressing sales. Required: 1. Prepsre an income statement using obsorption costing bssed on production of 22,125 tons and sales of 17,700 tons. Can the compeny report o positive income by incressing production to 22,125 tons and storing the 4,425 tons of excess production in inventory? 2. By how much does income incresse by when producing 22,125 tons and storing 4,425 tons in inventory compored to only producing 17,700 tons? Complete this question by entering your answers in the tabs below. By how much does income increase by when producing 22,125 tons and storing 4,425 tons in inventory compared to only producing 17,700 tons