Required information [The following information applies to the questions displayed below.) Part 2 of 2 Look Where Inc., (LI) has developed a small tag one can use together with an app to locate lost items. Ll sells these items and also protective casing. FOB shipping point terms are used. Assume that in the begging of the month LI has no inventory. Production of the tags and casings is outsourced. Ll uses FIFO and has the below transactions: 10 points (8 00:39:32 Jan. 2: LI purchased and received 310 tags from Xioasi Manufacturing (XM) at a cost of $8 per tag, n/15. Jan. 4: LI purchased and received 110 casings from Bachittar Products (BP) at a cost of $3 per case, n/20. Jan. 6: LI paid cash for the tags purchased from XM on Jan. 2. Jan. 8: LI mailed 210 tags via the U.S. Postal Service (USPS) to customers at a price of $28 per tag, on account. Jan. 11: LI purchased and received 410 tags from XM at a cost of $11 per tag, n/15. Jan. 14: LI purchased and received 210 casings from BP at a cost of $4 per case, n/20. Jan. 16: LI paid cash for the casings purchased from BP on Jan. 4. Jan. 19: LI mailed 170 casings via the USPS to customers at a price of $15 per casing, on account. Jan. 21: LI mailed 310 tags to customers at a price of $28 per tag. Print 2. Calculate the dollars of gross profit and the gross profit percentage from selling tags and cases. 3. Which product line yields more dollars of profit? 4. Which product line yields more profit per dollar of sales