n d lander. The company's proxy water of Art a of Net Income of the company and is eligible to e ar e d 15 over the prior year incentive bus t o dupan annual increases in Pont and 4. Sam Jones is the president of A lliance following desertion of Mr. Jones Bay pack M. Jones is eligible for an annual The additional bonus is determined as follows TS Growth EPS increases up to 14.9% EPS increases of 15.0 to 24.9 EPS increases of 25.ON to 34.99 PS increases above 35.0 Additional Bonus 2 of the earnings increase from the prior year of the earnings increase from the prior year of the earnines increase from the prior year e in the number of shares of outstanding stock during the year Required: Jones receive if the TPS increase for the year was 127/3 points) suppose that Apollo Finance had $75 million of Net Income for the year. How much of a bonus would Mr. Extra Credit: Jones receive if the EPS increase for the year was 28967 Suppose that Apollo Finance had 25 million af Net Income for the year, How much of a bonus would Mr. 5. elly Bros. Tools, Inc. had the following layers in its LIFO table saw inventory at January 1, 2016. The company sets its selling price at 200% of replacement cost at the time of sale. Replacement cost as of January 1, 2018 was $850 per unit and remained unchanged throughout 2018. During 2018, the company purchased 650 uni and sold 1,150 units. 18 points) Year LIFO Layer Added 2015 2016 2017 Units 200 190 170 Unit Cost S 740 790 820 Required: (a) Calculate the difference between Jelly Bros. Tools, Inc.'s current cost gross margin (on a replacem cost basis) and the LIFO gross margin as reported by the company in 2018. (b) What does the difference represent