Which sentence in the passage refers to the "analysis" of a given problem? Jeremy is the production manager in a manufacturing company.

He has recently identified a problem in the production process. He has estimated that the problem would lead to a loss of $10,000 and would require time to resolve.

Further,

he has also identified the source of the problem to be the outdated machinery,

which might require major repair, if not immediate replacement,

Finally, Jeremey has also divided the problem into smaller parts, such as production costs, overheads, downtime expense, repair expenditure, and so on.