Based on the information and assumptions provided in the case, calculate the market potential for frozen biscuit sales in the following markets: (a) New England States and New York, and (b) Atlantic Canada2.Prepare a sales forecast for Year 1 for the By-the-Sea BiscuitCompany for both the Northeastern U. S. and Atlantic Canadian markets. Assume the company negotiates a distribution agreement with Price Chopper in the six New England states/New York market and with Co-op Atlantic in the Atlantic Canadamarket. 3.Prepare a statement of income and expenses for By-the-Sea for Year 14.Calculate the break-even point for By-the-Sea.5.What are the key risks involved in this start-up?6.Assume that Finney and Jobe are successful in Canadian market only in Year 1. Preparea statement of income and expenses under that scenario. How sensitive is the analysis to changes in other assumptions?7.Would you recommend that Finney and Jobe proceed with their plan to start By-the-Sea BiscuitCompany? Provide a rationale for your recommendation.