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 $2020-2024$ respectively.

a$)$ Create an income statement using the assumptions explained above. $($Analysis $)$

b$)$ Calculate the operating break$-$even point in both units and dollars. $($Analysis $)$

c$)$ How many units would Spuds and Suds need to sell in order to achieve earnings, before interest and taxes of $$900,000?($Identify and Access Needed Information$)$

d$)$ Calculate the degree of operating, financial, and combined leverage for each year. $($Use Information Effectively to Accomplish a Specific Purpose$)$

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$)$

f$)$ Interpretation: please describe where you obtained information to develop analyses and interpret the results.