XYZ Inc. is selling a product for $$5$ a unit, and its estimated sales is $8$ million unit. The variable cost per unit is $60\%$ of the selling price, and the fixed cost is expected to be $$4$ million. The firm expects to pay $$750,000$ in preferred dividends and has interest expense of $$985,000.$ XYZ Inc has $1$ million shares of common stock outstanding. and it has a marginal tax rate of $20\%.1$Choose three of the following four questions to answer$\mathrm{.}1.$ Create an income statement that includes EBIT $($earnings before interest and taxes$)$ and EPS $($earnings per share$)\mathrm{.}2.$ Determine the operating break$-$even point in units and also in dollars$\mathrm{.}3.$ Determine its operating leverage, financial leverage, and combined leverage. PLEASE SHOW WORK ON EXCEL