Project 1: CVP Income Statement (10 points) Upload your file to Moodle by the deadline specified. Do NOT email your file Sassy Sauces is a company owned by Carla Fernandez. Carla loves to make various salsas. jellies and other condiments for her friends. They have become so popular with friends and family that they have encouraged her to start her own company to sell these products. Using the skills that you have learned in this class, help Carla prepare her break-even analysis to present to the bank for financing her business. The costs to produce the salsa include the following: Monthly depreciation expense on food processing equipment Jars and labels Commission paid to stores that sell the product Monthly cost of leasing the factory to produce the sauces Direct Labor Direct Materials Marketing, website, telephone and other monthly fixed costs Variable manufacturing costs Officer's salary $1,250 $.60 jar $.75/ jar $2,500 $2.00 /jar $1.00/jar $1,000 $1.65/jar $2,000 During the first month of operations, Sassy Sauces plans to manufacture and sell 10,000 jars of salsa. The salsa will sell for $7.50 per jar. Requirements- Using Excel, prepare the following: 1. A traditional (functional) income statement. 2. A CVP income statement. 3. Calculate break-even in units and in sales dollars. 4. Calculate sales (in units and in dollars) needed to target a net income of $15,000. Instructions: 1. Use formulas! Make sure to link the information between statements. Label workshees. 2. Be sure to label your answers. Don't assume that your instructor will "know what you meant