At the end of the year, a company offered to buy 4,980 units of a product from X Company for $11.00 each instead of the company's regular price of $17.00 each. The following income statement is for the 67,000 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 $1,139,000 627,790 $511,210 134,000 $377,210 For the year, fixed cost of goods sold were $131,320, and fixed selling and administrative costs were $67,000. The special order product has some unique features that will require additional material costs of $0.78 per unit and the rental of special equipment for $3,500. 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 $0.13. The effect of reducing the selling price will be to decrease firm profits by