Prepare the income statement for scenario #2 in table 9.7 when sales decrease by 10 percent with respect to scenario #1. By how much does net profit decrease?

Table 9.7 Impact of operational and financial leverage on net profit. Scenario #1 (base case) #2 (op. leverage) #3 (fin. leverage) # 4 (op. & fin. lev.) Sales increase +10% +10% +10% +10% Sales 20,000 22,000 20,000 22,000 20,000 22,000 20,000 22,000 COGS (variable) (17,000) (18,700) (13,000) (13,000) (14,300) (17,000) (18,700) (13,000) (14,300) Gross profit 3,000 3,300 7,000 7,700 3,000 3,300 7,000 7,700 SGA (fixed) 0 0 (4,000) (4,000) 0 0 (4,000) (4,000) EBIT 3,000 3,300 3,000 3,700 3,000 3,300 3,000 3,700 Interest 0 0 0 0 (500) (500) (500) (500) EBT 3,000 3,300 3,000 3,700 2,500 2,800 2,500 3,200 Tax (900) (990) (900) (1,110) (750) (840) (750) (960) Net profit 2,100 2,310 2,100 2,590 1,750 1,960 1,750 2,240 EBIT increase +10.0% +23.3% +10.0% +23.3% Net profit increase +10.0% +23.3% +12.0% +28.0%