ASAP. An unfavorable change in business is remotely possivle; in this case, production and sales volume for the yesr could fall to 12,000 units. How much income (or loss) from operations would occur if sales volume falls to this level? (ENTER ANY LOSS WITH MINUS SIGN.)

PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales $3,150,000 Cost of goods sold Direct materials $915,000 Direct labor 240,000 Machinery repairs (variable cost) 45,000 Depreciation-plant equipment (straight-line) 315,000 Utilities ($45,000 is variable) 210,000 Plant management salaries 200,000 1,925,000 Gross profit 1,225,000 Selling expenses Packaging 75,000 Shipping 105,000 Sales salary (fixed annual amount) 235,000 415,000 General and administrative expenses Advertising expense 125,000 Salaries 230,000 Entertainment expense 80,000 435,000 Income from operations $375,000 4. An unfavorable change in business is remotely possible; in this case, production and sale units. How much income (or loss) from operations would occur if sales volume falls to this le PHOENIX COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (in units) 15,000 12,000 Contribution margin (per unit) Contribution margin Fixed costs Operating income (loss)