New Perspectives Excel 2019 | Module 8: SAM Project 1bSimple Excel document assignment.Open instructions that are attached in the word file for all the information you will need for the assignment.ATTACHED INSTRUCTIONS ARE ON A WORD DOCUMENT, MUCH MORE CLEAR WITH EXAMPLES OF FINAL FIGURES AND NUMBERED INSTRUCTIONS.Bruce and Doug Ferguson started Ferguson Fitness, providing comprehensive privateand corporate fitness programs in Philadelphia, PA. Bruce made a workbook detailing theservices they offers. He asks you to help analyze the data to determine how they canincrease profits.Switch to the Personal Training worksheet. Create a one-variable data table to calculatethe sales, expenses, and profit based on the hours of personal training provided, asfollows:a. In cell E5, enter a formula without using a function that references cell C4, which is thenumber of hours of personal training provided.b. In cell F5, enter a formula without using a function that references cell C19, which is thetotal sales from personal training.c. In cell G5, enter a formula without using a function that references cell C20, which isthe total expenses related to personal training.d. In cell H5, enter a formula without using a function that references cell C21, which isthe expected gross profit for personal training.e. Select the range E5:H10 and then complete the one-variable data table, using cell C4 asthe Column input cell.2. Create a two-variable data table to calculate the gross profit based on the hours offitness training provided and the hourly rate charged:New Perspectives Excel 2019 | Module 8: SAM Project 1bNew Perspectives Excel 2019 | Module 8: SAM Project 1ba. For the range E14:L19, create a two-variable data table using the hourly rate charged(cell C5) as the Row input cell.b. Use the hours of fitness training provided (cell C4) as the Column input cell.c. Apply a custom format to cell E14 to display the text Hours/Rate in place of the cellvalue.3. Switch to the Consulting worksheet. Create a Scatter with Straight Lines chart basedon the range E4:G14 in the data table titled Consulting – Break-Even Analysis.4. Modify the new chart as follows:a. Resize and reposition the chart so that it covers the range E15:H30.b. Remove the chart title from the chart.c. Add Sales and Expenses as the vertical axis title and Hours as the horizontal axistitle.5. Change the Bounds Axis Options as follows:a. Change the Minimum Bounds of the vertical axis to -30,000 and let the MaximumBounds change automatically to 130,000.b. Change the Number format of the vertical axis to Currency with 0 decimal places and $as the symbol.c. Change the Minimum Bounds of the horizontal axis to 700 and the Maximum Bounds to1500.6. Create two scenarios as follows to compare the costs of hiring fitness instructors withthose for hiring certified personal trainers while increasing the number of hoursprovided:a. In the Scenario Manager, add two scenarios using the data shown in bold in Table 1below.b. The changing cells for both scenarios are the nonadjacent cells C4, C11, and C14.c. Close the Scenario Manager without showing any of the scenarios. Table 1: Fitness Consulting Scenario ValuesValues Scenario 1 Scenario 2Scenario Name Instructors TrainersHours_Sold_Consulting (C4) 1500 1800Variable_Cost_Per_Hour_Consulting (C11) 53 55Total_Fixed_Cost_Consulting (C14) 34,500 35,5007. Switch to the Corporate Programs worksheet. Create a Scatter with Straight Lineschart based on range E6:J14 in the data table titled Corporate Programs – Net IncomeAnalysis.8. Modify the new chart as follows:a. Resize and reposition the chart so that it covers the range E15:J30.b. Remove the chart title from the chart.New Perspectives Excel 2019 | Module 8: SAM Project 1bc. Reposition the chart legend to the right of the chart.d. Add Net Income as the vertical axis title and Hours as the horizontal axis title.e. Change the colors of the chart to Monochromatic Palette 2 (2nd row in theMonochromatic palette).9. Change the Bounds Axis Options for the new chart as follows:a. Change the Minimum Bounds of the vertical axis to -20,000 and leave the MaximumBounds at 40,000.b. Set the horizontal axis to cross at the axis value -20,000.c. Change the Number format of the vertical axis to Currency with 0 decimal places and $as the symbol.d. Change the Minimum Bounds of the horizontal axis to 900 and the Maximum Bounds to1700.10. Edit the chart series names as follows:a. For Series 1, use cell F5 as the series name.b. For Series 2, use cell G5 as the series name.c. For Series 3, use cell H5 as the series name.d. For Series 4, use cell I5 as the series name.e. For Series 5, use cell J5 as the series name.11. Bruce wants to determine whether partnering with another fitness company wouldreduce the costs of fitness training services. Switch to the Training Providers worksheet,and then run Solver to solve this problem as follows:a. Set the objective as minimizing the value in cell F10 (Total Costs).b. Use the range C4:E4 as the changing variable cells.Adjust the hours provided by each company using the following constraints:c. F4=600, the total hours of fitness services providedd. F10 is less than or equal to 130,000, the maximum fees paid to another fitness companye. C4:E4 is less than or equal to 220, the maximum hours provided by a single fitnesscompanyf. C4:E4 should be an Integerg. Run Solver, keep the solution, and then return to the Solver Parameters dialog box.Save the model to the range B14:B21, and then close the Solver Parameters dialog box.12. Switch to the All Services worksheet. Use the Scenario Manager to create a ScenarioSummary report that summarizes the effect of the Current, Increase Hourly, andContractors scenarios. Use the range C17:E17 as the result cells.13. Switch back to the All Services worksheet. Use the Scenario Manager as follows tocompare the profit per hour in each scenario:a. Create a Scenario PivotTable report for result cells C17:E17.b. Remove the Filter field from the PivotTable.New Perspectives Excel 2019 | Module 8: SAM Project 1bc. Change the number format of the Profit_Per_Hour_Training, Profit_Per_Hour_Consulting, and Profit_Per_Hour_Corporate fields (located in the Values box of thePivotTable Field List) to Currency with 2 decimal places and $ as the symbol.d. Use Personal Training as the row label value in cell B3, Consulting as the value in cellC3, and Corporate Programs as the value in cell D3.e. In cell A1, use Profit Per Hour as the report title.f. Format the report title using the Title cell style.g. Resize columns A–D to 17.00.14. Add a PivotChart to the Scenario PivotTable worksheet as follows:a. Create a Clustered Column PivotChart based on the PivotTable.b. Resize and reposition the chart so that it covers the range A8:D21.c. Hide the field buttons in the chart. [Mac Hint: The Field Buttons option is not availableon Excel 2019 for the Mac, so Mac users can ignore this instruction.]Your workbook should look like the Final Figures on the following pages. Save your changes,close the workbook, and then exit Excel. Follow the directions on the SAM website to submit yourcompleted project.