At the end of the year, a company offered to buy 4,250 units of a product from X Company for $12.00 each instead of the company's regular price of $19.00 each. The following income statement is for the 66,700 units of the product that X Company has already made and sold to its regular customers: $1,267,300 506,920 $760,380 Sales Cost of goods sold Gross margin Selling and administrative costs Profit 161,414 $598,966 For the year, fixed cost of goods sold were $145,406, and fixed selling and administrative costs were $79,373. The special order product has some unique features that will require additional material costs of $0.90 per unit and the rental of special equipment for $2,500. 4. Profit on the special order would be Submit Answer Tries 0/3 5. The marketing manager thinks that if X Company accepts the special order, regular customers will be lost unless the selling price for them is reduced by $0.20. The effect of reducing the selling price will be to decrease firm profits by