The following table illustrates the value added approach to calculating GDP. Please complete the table. Firm Value of Product Value Added By: Value Added Equals Cotton farmer Raw Cotton = $1 The cotton farmer 1 Textile mill Cotton woven into cotton fabric = $3 The textile mill 2 Shirt company Fabric made into a shirt = $15 The shirt company 12 L.L.Bean Shirt sold on L.L.Bean's website = $35 L.L.Bean Total Value Added Suppose the information in the following table is for a simple economy that produces only the following four goods: shoes, hamburgers, shirts, and cotton. Further, assume that all of the cotton is used to produce shirts. 2012 Statistics 2022 Statistics 2023 Statistics Product Quantity Price Quantity Price Quantity Price Shoes 100 $52.00 115 $65.00 110 $70.00 Hamburgers 85 3.00 120 3.00 135 3.50 Shirts 50 30.00 50 25.00 65 25.00 Cotton 11,000 0.09 10,000 0.08 11,000 0.07 a. If the base year is the year 2012, then real GDP for 2022 equals $ 7840.00' (round your answer to the nearest penny} and the real GDP for 2023 equals $ 0 (round your answer to the nearest penny)