please find the attached question.

Part B Elizabeth is the CEO of Spark International Limited. She is entitled to receive a fixed bonus of $100,000 if the business achieves or exceeds the annual profit target. Otherwise she receives no bonus. 2016 2017 2018 Profit Target $2, 000, 000 $2, 000, 000 $2, 000, 000 Calculated Profit $2, 200, 000 $1, 998, 000 $500, 000 Variance $200, 000 $2, 000 $1, 500, 000 Required a) Explain the meaning of "earnings management" [3 marks] b) Suggest the most likely behavior of the CEO in relation to the profit target for: (i) 2016 [3 marks] (ii) 2017 [3 marks] (iii) 2018 [3 marks]