$120.00 Olivian Company wants to earn $480,000 in net (after-tax) Income next year. Its product is priced at $400 per unit. Product costs include: Direct materials Direct labor $88.00 Variable overhead Total fixed factory overhead 3405,000 $20.00 Variable selling expense is $16 per unit: fixed selling and administrative expense totals $255,000. Olivian has a tax rate of 40 percent Calcate the before taxit nended to achieve an after tax ret of 400,000 2. Cucutate the number of unite that will yield operating come calculated in Hamurement above. I reired, round your swer to the next woleni Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirement 2. DO NOT round Interim calculations and required, round your answer to the nearest dollar Olivian Company Income Statement For the Coming Year Total 1. What if Olivian had 35 percent tax rate would the units sold to reach a $400,000 target net income beer or lower than the units calculated in Requirement 2 Calodate the number of units needed at the new tax rate. In your calestations, round before tax income to the nearest dollar. Round your awer to the nearest whole unit units