Johnson Equipment, the medium-sized laboratory equipment manufacturing company where you work, is in the process of acquiring Sloan Manufacturing, a smaller equipment manufacturer in the same industry. Because operations between your company and Sloan overlap, you need to merge the data from the new company with similar data for your company. The text file you received from Sloan contains categories, product numbers, and product descriptions, in addition to the on-hand quantity for each product and the number of products produced during each month of the past year. You need to add prefixes to the category names so the data will match the existing data that your company uses. Then, you will use Excel to organize and summarize the data.Complete the following: 1. Use Notepad (or another text editor) to open the text file named Sloan.txt from the Chapter 7 folder to examine the data, and then close the file and Notepad. 2. Import the text from the Sloan text file into a new workbook. Name the work-book Johnson-Sloan.xlsx and save it in the Chapter 7 folder. Rename Sheet1 as Imported Data. 3. Convert the information in the worksheet into columns, if necessary. 4. Sort the data by category and then by product number in ascending order. 5. Use the CONCATENATE function to add the appropriate prefix and a dash to each category in a new column titled CategoryPrefix using the following list. For example, the Analyzer category would begin with 600, followed by a dash and thecategory name (600-Analyzer). (Hint: Try placing these values in your spreadsheet in a column named Prefix using a VLOOKUP function.) Delete the original Category column.Category Prefix Category PrefixAnalyzer 600 Evaporators 619Autoclave 601 Fermentors 621Balances 603 Furnace 623Bath 605 Gas Chromatographs 625Biohood 607 Glove Boxes 627Cell Disrupters 609 Microscopes 629Cell Harvesters 611 Reactors 631Centrifuges 613 Spectrophotometers 633Chromatography 615 Ultrasonic Cleaners 635Desiccators 617 6. Change the data set into an Excel table. 7. Use the Total row to calculate the number of units on hand and the number of units produced in each month. Add a new column named Total to the right of the December column that calculates the number of units produced for the year for each part. 8. Display the top 20 items based on the values in the Total column to show the parts with the highest production by month. 9. Save and close the Johnson-Sloan.xlsx workbook.