Part II: Open Ended Accounting Problems Instructions: Determine a final numerical answer for each question. You will record your ANSWERS ONLY on THPS-1 Answer Submission Form on iCollege. For all questions (unless otherwise specifically instructed), round (if necessary) all answers to whole dollar amounts (i.e., zero decimal places), but you will NOT record the dollar sign or any commas on iCollege. For example, round $24,302.84 to $24,303 and record this value on iCollege at 24303. Financial statement data for Plum Crazy Boutique (a high-end clothing retail company) are given below. All figures are in dollars. Use this data to construct an Income Statement for the year ending December 31, 2021 and use your constructed statement to answer the following 4 questions. Advertising Beginning of year inventory Depreciation End of year inventory 38,730 86,490 7,620 91,740 General and administrative expenses 47,620 Gross sales 954,760 Interest expense 12,760 Lease payments 29,500 Management salaries Purchases Research and development Returns and allowances 142,750 576,580 6,850 6,750 Taxes 33,840 15. What was gross profit from Plum Crazy Boutique's income statement for the year ending December 31, 2021? 16. What was operating profit (i.e., EBIT) from Plum Crazy Boutique's income statement for the year ending December 31, 2021? 17. What was profit before taxes (i.e., EBT) from Plum Crazy Boutique's income statement for the year ending December 31, 2021? 18. What was net income from Plum Crazy Boutique's income statement for the year ending December 31, 2021?