The report below shows a comparison of P&L Statements for ABC Company for the first and last halves of the year. Please use the following Excel spreadsheet for this information to aid you in your discussion:ABC Company PL Comparison Click for more optionsInstructionsReview the comparison of the statement for January 1 – June 30 with the statement for July 1 – December 31 and identify what factors influenced the variance in net profit before taxes between the two periods.Compose a discussion board post, answering the following questions:Which aspects of the report show factors that influenced net profit? Include actual numbers from the report to support your answer.Choose two of the factors identified above and deduce what might be the cause of the change reported. Explain.Based on your comparison and deductions, what steps might you take to improve performance for the next 6-month period?File Attached