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PLEASE USE EXCEL FORMULA!! help!! Repeat the Spuds and Suds Income Statement example from Chapter 7 with the following assumptions: price per unit and fixed

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Repeat the Spuds and Suds Income Statement example from Chapter 7 with the following assumptions: price per unit and fixed costs are expected to increase by an average annual rate of inflation of 2%. Also assume that variable costs as a percent of sales will remain constant at 65%. Finally, suppose that Spuds and Suds is a firm in the early stage of business, and that unit sales are projected to grow at a rate of 20%,15%,10% and 5% for 20212025 respectively. a) Create an income statement using the assumptions explained above. (Analysis 4 pts) b) Calculate the operating break-even point in both units and dollars. (Analysis 4pts ) c) How many units would Spuds and Suds need to sell in order to achieve eamings, before interest and taxes of $900,000 ? (Identify and Access Needed Information 4 pts) d) Calculate the degree of operating, financial, and combined leverage for each year. (Use Information Effectively to Accomplish a Specific Purpose 4 pts) e) Create a chart that shows how the various leverage measures have changed over this five-year period. (Use Information Effectively to Accomplish a Specific Purpose 4 pts)

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