Please answer Question 3 using Microsoft Excel. Use the solver tool in excel to answer the questions. Please provide step by step on excel

b. What should the Price per Unit be set at in order for the Supreme disks to break even? (6 points) c. What Excel feature did you use to answer these questions? (2 points) 3. If any of the cell values had changed by working on problem 2 revert to the original values by clicking Undo. Under the original worksheet values, what should be spent on advertising for each disk type in order to maximize the Net Income for the whole company (i.e., for Disks, Inc.)? The constraints are as follows. The total advertising budget is limited to $15000 and the company wants to spend at least $2000 towards promoting each disk type. But, the company can only make a maximum of 5000 Supreme disks to sell. Mr. Smith also wants none of the individual disk types to make a loss. a. What is the amount spent on advertising for each disk type? (6 points) b. What is the number of units produced to cover demand for High Flyer disks? (6 points) c. What is the net income for Tournament disks? (6 points) d. What is number of units sold based on advertising for Supreme disks? (6 points) e. What Excel feature did you use to answer these questions? (2 points) Income Statement \begin{tabular}{|c|r|r|r|r|r} \hline Revenue & \multicolumn{1}{|c|}{ Regular } & High Flyer & Tournament & Supreme & Total \\ \hline Units Sold Based on Word of Mouth & 2100 & 2050 & 1750 & 1000 & 6900 \\ \hline Units Sold Based on Advertising & 205 & 205 & 205 & 205 & 822 \\ \hline Total Units Sold & 2305 & 2255 & 1955 & 1205 & 7722 \\ \hline Price per Unit & $12.00 & $20.00 & $24.00 & $32.00 & $22.00 \\ \hline \hline Total & $27,664.60 & $45,107.67 & $46,929.21 & $38,572.28 & $158,273.76 \\ \hline \end{tabular} \begin{tabular}{|c|r|r|r|r|r} \hline Variable Expenses & \multicolumn{1}{|c|}{ Regular } & High Flyer & Tournament & \multicolumn{1}{|c|}{ Supreme } & \multicolumn{1}{c}{ Total } \\ \hline Units Produced To Cover Demand & 2,535.92 & 2,480.92 & 2,150.92 & 1,325.92 & 8,493.69 \\ \hline Cost per Unit & $5.00 & $10.00 & $16.00 & $20.00 & $12.75 \\ \hline \hline Total & $12,679.61 & $24,809.22 & $34,414.75 & $26,518.44 & $98,422.02 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|r|r} \hline Fixed Expenses & \multicolumn{1}{|c|}{ Regular } & High Flyer & Tournament & \multicolumn{1}{|c|}{ Supreme } & \multicolumn{1}{c}{ Total } \\ \hline Insurance and maintenance & $3,000.00 & $5,000.00 & $6,000.00 & $10,000.00 & $24,000.00 \\ \hline Other Overhead & $6,000.00 & $8,500.00 & $12,000.00 & $18,000.00 & $44,500.00 \\ \hline Advertising & $1,000.00 & $1,000.00 & $1,000.00 & $1,000.00 & $4,000.00 \\ \hline \hline Total & $10,000.00 & $14,500.00 & $19,000.00 & $29,000.00 & $72,500.00 \\ \hline \end{tabular} \begin{tabular}{|r|r|} \hline Advertising (\$) Increase in Units Sold \\ \hline$0 & 0 \\ \hline$500 & 75 \\ \hline$1,000 & 206 \\ \hline$1,500 & 408 \\ \hline$2,000 & 689 \\ \hline$2,500 & 1,040 \\ \hline$3,000 & 1,432 \\ \hline$3,500 & 1,824 \\ \hline$4,000 & 2,175 \\ \hline$4,500 & 2,456 \\ \hline$5,000 & 2,658 \\ \hline$5,500 & 2,789 \\ \hline$6,000 & 2,864 \\ \hline$6,500 & 2,903 \\ \hline$7,000 & 2,921 \\ \hline$7,500 & 2,928 \\ \hline$8,000 & 2,931 \\ \hline$8,500 & 2,932 \\ \hline$9,000 & 2,932 \\ \hline$9,500 & 2,932 \\ \hline$10,000 & 2,932 \\ \hline \end{tabular} Increase in Sales based on Advertising Advertising Dollars b. What should the Price per Unit be set at in order for the Supreme disks to break even? (6 points) c. What Excel feature did you use to answer these questions? (2 points) 3. If any of the cell values had changed by working on problem 2 revert to the original values by clicking Undo. Under the original worksheet values, what should be spent on advertising for each disk type in order to maximize the Net Income for the whole company (i.e., for Disks, Inc.)? The constraints are as follows. The total advertising budget is limited to $15000 and the company wants to spend at least $2000 towards promoting each disk type. But, the company can only make a maximum of 5000 Supreme disks to sell. Mr. Smith also wants none of the individual disk types to make a loss. a. What is the amount spent on advertising for each disk type? (6 points) b. What is the number of units produced to cover demand for High Flyer disks? (6 points) c. What is the net income for Tournament disks? (6 points) d. What is number of units sold based on advertising for Supreme disks? (6 points) e. What Excel feature did you use to answer these questions? (2 points) Income Statement \begin{tabular}{|c|r|r|r|r|r} \hline Revenue & \multicolumn{1}{|c|}{ Regular } & High Flyer & Tournament & Supreme & Total \\ \hline Units Sold Based on Word of Mouth & 2100 & 2050 & 1750 & 1000 & 6900 \\ \hline Units Sold Based on Advertising & 205 & 205 & 205 & 205 & 822 \\ \hline Total Units Sold & 2305 & 2255 & 1955 & 1205 & 7722 \\ \hline Price per Unit & $12.00 & $20.00 & $24.00 & $32.00 & $22.00 \\ \hline \hline Total & $27,664.60 & $45,107.67 & $46,929.21 & $38,572.28 & $158,273.76 \\ \hline \end{tabular} \begin{tabular}{|c|r|r|r|r|r} \hline Variable Expenses & \multicolumn{1}{|c|}{ Regular } & High Flyer & Tournament & \multicolumn{1}{|c|}{ Supreme } & \multicolumn{1}{c}{ Total } \\ \hline Units Produced To Cover Demand & 2,535.92 & 2,480.92 & 2,150.92 & 1,325.92 & 8,493.69 \\ \hline Cost per Unit & $5.00 & $10.00 & $16.00 & $20.00 & $12.75 \\ \hline \hline Total & $12,679.61 & $24,809.22 & $34,414.75 & $26,518.44 & $98,422.02 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|r|r} \hline Fixed Expenses & \multicolumn{1}{|c|}{ Regular } & High Flyer & Tournament & \multicolumn{1}{|c|}{ Supreme } & \multicolumn{1}{c}{ Total } \\ \hline Insurance and maintenance & $3,000.00 & $5,000.00 & $6,000.00 & $10,000.00 & $24,000.00 \\ \hline Other Overhead & $6,000.00 & $8,500.00 & $12,000.00 & $18,000.00 & $44,500.00 \\ \hline Advertising & $1,000.00 & $1,000.00 & $1,000.00 & $1,000.00 & $4,000.00 \\ \hline \hline Total & $10,000.00 & $14,500.00 & $19,000.00 & $29,000.00 & $72,500.00 \\ \hline \end{tabular} \begin{tabular}{|r|r|} \hline Advertising (\$) Increase in Units Sold \\ \hline$0 & 0 \\ \hline$500 & 75 \\ \hline$1,000 & 206 \\ \hline$1,500 & 408 \\ \hline$2,000 & 689 \\ \hline$2,500 & 1,040 \\ \hline$3,000 & 1,432 \\ \hline$3,500 & 1,824 \\ \hline$4,000 & 2,175 \\ \hline$4,500 & 2,456 \\ \hline$5,000 & 2,658 \\ \hline$5,500 & 2,789 \\ \hline$6,000 & 2,864 \\ \hline$6,500 & 2,903 \\ \hline$7,000 & 2,921 \\ \hline$7,500 & 2,928 \\ \hline$8,000 & 2,931 \\ \hline$8,500 & 2,932 \\ \hline$9,000 & 2,932 \\ \hline$9,500 & 2,932 \\ \hline$10,000 & 2,932 \\ \hline \end{tabular} Increase in Sales based on Advertising Advertising Dollars