Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed a 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 January February March April May June July August September October November December Required: Produced Energy Cost 35,300 $ 23,700 21,300 22,400 22,300 22,300 24,300 22,750 30,300 23,200 32,300 23,650 40,300 28,300 30,300 23,100 30,300 23,300 28,300 23,000 41,300 24,400 39,300 25,250 1. Use the high-low method to estimate the company's energy cost behavior and express it 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 29,000 pints of applesauce are produced.