Worldwide Rugs is a rug importer located in the United States that resells its importproducts to local retailers. Last year, Worldwide Rugs imported $2.5 million worth ofrugs from around the world, all of which were paid for prior to shipping. On receiptof the rugs, the importer immediately resold them to local retailers for $3 million. Toallow its retail clients time to resell the rugs, Worldwide Rugs sells to retailers oncredit. Prior to the end of its business year, Worldwide Rugs collected 85% of itsoutstanding accounts receivable.a. What is the accounting profit that Worldwide Rugs generated for the year?b. Did Worldwide Rugs have a successful year from an accounting perspective?c. What is the financial cash flow that Worldwide Rugs generated for