$($b$)$

Before Swifty Company had the chance to implement usage of the new raw material, new industry specifications were announced and result in the following changes for the Swifty Company. Variable costs will increase by $15\%$ per unit and fixed costs will increase by $$46,000.$ Management feels that a $$3$ per unit price increase is needed to accommodate the cost increases. However, this will result in a $10\%$ decrease in units sold. Prepare a CVP income statement assuming these changes have been made.