a. Empire Company had $220,000 of net income in 2019 when the selling price per unit was $150, the variable costs per unit were $100, and the fixed costs were $670,000. Management expects per unit data and total fixed costs to remain the same in 2020. The president of the Company is under pressure from stockholders to increase net income by $30,000 in 2020. Instructions: Assume that Empire Company sells the same number of units in 2020 as it did in 2019. Determine the selling price that is needed to reach the stockholders' desired profit level