In this exercise you will create a simple Income Statement step-by-step. What would the company's net income (bottom line) be if: 1. Taxes could be reduced to 2% ? 2. The company pressured suppliers for lower prices (cost/unit) from $1.50/ unit to $1.30/ unit? 3. An advertising campaign was created that raised the amount spent on advertising from $5,000 to $8,000 but that campaign resulted in sales revenue rising from 20,000 to 30,000 units? 4. The company moved and restructured-moving to South Carolina where rent is one third of what it currently is, and offered an incentive program to eliminate a number of highly paid middle managers, which would lower salaries from 20,000 to 13,000