Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own company to produce and package applesauce Apples can be stored for several months in cold storage, so applesauce production is relatively uniform throughout the year. The recently hired controller for the firm is about to apply the high-low method in estimating the company's energy cost behavior. The following costs were incurred during the past 12 months Pints of Applesauce Month Produced Energy Cost January 120,000 $71,700 February 78,000 67,800 March 31,000 69,000 April 87.000 69,600 May 105,000 70,200 June 111,000 70,000 July 135,000 71,400 August 105,000 69,900 September 105,000 70,500 October 99,000 69,600 November 138,000 73,500 December 132,000 71,950 Required: 1. Use the high-low method to estimate the company's energy cost behavior and expressit in equation form Use the formula Y=a. bx where y denotes energy cost for a month and X denotes pints of applesauce produced 2. Predict the energy cost for a month in which 89,000 pints of applesauce are produced