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3. At present, the company is selling 8,850 lanterns per month. The sales manager is convinced that a 5% reduction in the selling price

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3. At present, the company is selling 8,850 lanterns per month. The sales manager is convinced that a 5% reduction in the selling price will result in a 20% increase in the number of lanterns sold each month. Prepare two contribution format Income statements: one under present operating conditions, and one as operations would appear after the proposed changes. Show both total and per-unit data on your statements. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Sales Present Proposed Total Per Unit Total Per Unit 0 $ 0 0 $ 0 $ 0 $ 0

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