Abby has always dreamed of having her own ice cream shop. Now as a young entrepreneur she has decided to pursue her dream, but she needs some help in determining the financial viability of her plan. She has come up with a list of income and expense parameters and needs a simple program to input these parameters and calculate the monthly profit or loss as well as performing some variable cost what-if analysis. **Module Lab Assessment 3: Abby’s Ice Cream Shop****Overview:**Abby has always dreamed of having her own ice cream shop. Now as a young entrepreneur, she has decided to pursue her dream, but she needs some help in determining the financial viability of her plan. She has come up with a list of income and expense parameters and needs a simple program to input these parameters and calculate the monthly profit or loss, as well as perform some variable cost what-if analysis.**Grading:**This lab is partially auto-graded and partially…---**shop.py****Part 1:**Per the instructions, the problem prompts the user for the following information:1. Cost per ice cream serving2. Employee labor rate (per hour)3. Shop rental (per month)4. Utilities (per month)5. Advertising (per month)6. Selling price (each)7. Ice cream servings sold per monthYour program should operate in a loop in which a menu is displayed with the following options:**Expenses:**1. Cost per serving2. Labor rate per hour3. Shop rental per month4. Utilities per month5. Advertising budget per month**Income:**6. Selling price (each)7. Servings sold per month**Analysis:**8. Profit/Loss Calculation ```plaintext"""Part 1:Per the instructions, the problem prompts the user for the following information:* Cost per ice cream serving* Employee labor rate (per hour)* Shop rental (per month)* Utilities (per month)* Advertising (per month)* Selling price (each)* Ice cream servings sold per monthYour program should operate in a loop in which a menu is displayed with the following options:Expenses:1. Cost per serving:2. Labor rate per hour:3. Shop rental per month:4. Utilities per month:5. Advertising budget per month:Income:6. Selling price (each):7. Servings sold per month:Analysis:8. Profit/Loss Calculation"""```This snippet appears to be a Python script outline designed for managing an ice cream shop's financials. It prompts users to input various expenses and income metrics related to operating the shop, such as costs related to labor, rental, utilities, advertising, and ice cream sales. The program is structured to operate in a loop, allowing continuous input and financial analysis, particularly to calculate profit or loss.

The given below program is in python which shows the expenses and the income.Source code: #here defining the method def profit(total_income, total_expances): print('profit = ', total_income-total_expances) #here taking the input of expances from the users print ('Enter extra expense') expense = int(input()) print('Enter labour rate per hour') labour_rate = int(input()) print('Enter shop rental per month') #here taking the input of income sources from the users shop_rent = int(input()) print('Enter selling price of each') selling_price = int(input()) print('enter serving sold per month') serving_sold = int(input()) #here calculating the total income total_income = serving_sold*serving_sold #here calculating the profit total_expances = expense+labour_rate+shop_rent #calling the function and pass the values profit(total_income, total_expances) Screenshot of the code: Output: