Question 1 (40 points) Winfield Company operates a retail store Below is a table containing monthly sales and sales staff compensation, in dollars for the previous year. Use the high-low method to create an equation in the form Y- a+ bX to describe the behavior of sales staff compensation a) 412,700 386,000 359,700 346,500 359,400 341,000 366,500 364,200 400,100 443,000 432,900 409,600 Sales 1,808,000 1,659,000 1,512,000 1,138,000 1,218,900 1,233,000 1,409,300 1,437,000 1,616,600 1,833,000 1,858,000 1,735,000 10 b) Other information: Store rent expense is $70,000 /month Utilites on average amount to 5% of sales staff compensation Management staff, in aggregate, are paid $10,000 / month plus 2% of sales Cost of goods sold is typically 58% of sales Miscellaneous expenses are $1,000/month Given these data, determine the forecast net profit of the store at sales of 52,000,000 for the month Identify at least two potential weaknesses in your profit forecast. (Limit 100 words)