OM Sum Check my wars CIA Review.inc provides review courses twice each year for students studying to take the CIA exam. The cost of textbooks included in the registration fee. Text material requires constant updating and is useful for only one course. To minimize printing costs and ensure availability of books on the first day of class, CIA Review has books printed and delivered to its offices two weeks in advance of the first class. To ensure that enough books are available CIA Review normally orders 10 percent more than expected enrollment Usually there is an oversupply and books are thrown away. However, demand occasionally exceeds expectations by more than 10 percent and there are too tew books available for student use CIA Review has been forced to turn away students because of lack of textbooks CIA Review expects to enroll approximately 200 students per course. The tuition fee is $920 per student. The cost of teachers is $18,000 per course, textbooks cost 554 each and other operating expenses are estimated to be $33.000 per course Assume financial statements data are prepared in accordance with GAAP Required 0. Prepare an income statement, assuming that 200 students enrol in a course Determine the cost of waste associated with unused books b-1. Prepare an income statement assuming that 242 students attempt to enroll in the course, but 22 students are tumed away because of too few textbooks -2. Prepare an income statement, assuming that 242 students attempt to enroll in the course with all being accepted -3. Determine the amount of lost prot resulting from the inability to serve the 22 additional students c. Suppose that textbooks can be produced through a high speed copying process that permis delivery time for its to start The cost of books made using this process, however, is $59 och Assume that tools must be made using the same production process in other words, CIA Review cannot order some of the books using the regular copy process and the rest arch O 64F lap 8 10 V E R T Y P 1 ES D K V B N M Check my won -2. Prepare an income statement assuming that 242 students attempt to in the course, with being accepted b-3. Determine the amount of fost profit resulting from the inability to serve the 22 additional students c. Suppose that textbooks can be produced through a high-speed copying process that permis delivery time for class to start The cost of books made using this process, however, is 559 each Assume that a books must be made using the same production process in other words, CIA Review cannot order some of the books using the regular copy process and the rest using the high-speed process. Prepare an income statement under the IT system assuming that 200 students enroll in a course d-1. Assume the same facts as in requirement with respect to a system that enables immediate delivery of books at a cost of $59 each Prepare an income statement under the system assuming that 242 students on a course d-2. Which system results in higher income? Complete this question by entering your answer in the tabs below. Reg A Reg: ReqC Reg D: R2 Prepare an income statement, assuming that 200 students enroll in a course Determine the cost of waste associated with unused books CIA REVIEW, INC Incomeament 0 547