Required

a$.$ Reconstruct Gibson's income statement, assuming that it serves $174$ customers when it lures $87$ customers away from Franklin by

lowering the sales price to $$130$ per customer.

b$.$ Reconstruct Franklin's income statement, assuming that it serves $174$ customers when it lures $87$ customers away from Gibson by

lowering the sales price to $$130$ per customer.

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Reconstruct Franklin's income statement, assuming that it serves $174$ customers when it lures $87$ customers away from

Gibson by lowering the sales price to $$130$ per customer.