At the end of the year, a company offered to buy 4,640 units of a product from X Company for $11.00 each instead of the company's regular price of $18.00 each. The following income statement is for the 62,900 units of the product that X Company has already made and sold to its regular customers: Sales Cost of goods sold Gross margin Selling and administrative costs Profit $1,132,200 525,844 $606,356 144,670 $461,686 For the year, variable cost of goods sold were $392,496, and variable selling and administrative costs were $81,141. The special order product has some unique features that will require additional material costs of $0.73 per unit and the rental of special equipment for $4,000. 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 $0.12. The effect of reducing the selling price will be to decrease firm profits by