The following forecast variable costing income statement was prepared for Electric Machines Ltd. for the year ending April 2013: Sales…………… $100,000,000 Variable costs……….. 45,000,000 Contribution margin…….. 55,000,000 Fixed costs……….. 25,000,000 Net income……….. 30,000,000 The general manager is interested in buying a leisure boat with a tag price of $30,000 with the bonus he will collect in May 2013 (based on the net income of the year ending in April 2013). To estimate his bonus, he developed a probabilistic model for a range of possible outcomes for these financial parameters. He collected the following information from various managers within the firm: i. The likelihood that the worst-case scenario for sales would occur (drop of 25%) was set at 15%. The likelihood that the best-case scenario for sales would occur (an increase of 25%) was set at 10%. Finally, the likelihood that the most likely scenario would occur (sales of $100,000,000) was set at 75%. ii. The likelihood that the worst-case scenario for fixed costs would occur (increase of 20%) was set at 20%. The likelihood that the best-case scenario for fixed costs would occur (a decrease of 20%) was set at 20%. Finally, the likelihood that the most likely scenario would occur (fixed costs of $25,000,000) was set at 60%. iii.Variable costs will always run at 45% of sales. The general manager’s compensation is composed of a flat salary of $75,000 plus 1% of net inco