After-Tax Proft Targets Oivian Company wants to earn. $480,000 in net (after-tax) income next year. Its product is priced at $250 per unit. Product costs include: Variatle selling expense is $10 per unit; fixed selling and odministrative expense totals 3255,000 . Olivian has a tax rate of 40 percent. Required 1. Calcutate the before-tax proft needed to achieve an after-tax target of 3480,000 . 2. Calcuiate the number of units that will vield operating income calculatod in Requirement 1 above. If required, round your answer to the nearest whole unit. units 3. Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirernent 2 . Do NoT round interim calculations and, if required, round your answer to the nearest dollar. + Check My Wor. 3. Use a contribution margin format income statepent. 4. What if Olivian had a 35 percent tax rate? Would the units sold to resth a 5480,000 target net income be higher or lower than the units calculated in flavou rement a? Calculate the number of units needed at the new tax rate. In your calculations, round before-tax income to the nearest dollar. Found your answer ta the nearest whole unit. units