“For Michael I”Flowers Galore (FG) has been in business for several years. FG is open Monday-Friday with hours from 9 a.m. until 6 p.m. Saturdays, FG is open from 9 am until 2 pm. FG is the only flower shop in this small rural town. FG offers custom and pre-made flower arrangements along with an assortment of gifts and greeting cards. Flowers are provided for local weddings, funerals, and other special occasions. Deliveries are offered within a surrounding 20 mile area for special rates (ranging from $5 to $25 depending on the distance). Anna, the owner of FG, has had the business off and on for the past 5 years. During this period, she sold the business only to get it back a year later when the new owners were unable to make the monthly payments. Anna is now working full time and has hired three part-time employees to operate the business while Anna devotes most of her time to her full-time job. Some of her earnings help keep the business afloat.For pricing purposes, Anna has marked up flowers 250%, plants 300%, and other items at 200%.FG has been struggling financially to keep afloat in recent months. Despite decent sales, it has been very difficult for Anna to make the monthly payments such as rent, telephone, and utilities. It has not been unusual for the employees to be paid a week or so late. Anna needs some financial advice. She has provided you with some recent information (see appendix) that should be useful in answering the following questions:1.