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 Produced 107,000 Energy Cost Month January $70,400 February 65,000 64,700 March 68,000 66,400 April 74,000 67,650 May 92,000 68,900 June 98,000 70,150 July 122,000 70,100 August 92,000 68,600 September 92,000 69,200 October 86,000 68,300 November 125,000 72,500 December 119,000 71,300 Required: 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Ya+ 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 76,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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. (Round coefficient of X to 21 decimal places.)