Barbour Corporation, located in Buffalo, New York, is a retaller of high-tech products and is known for its excellent quality and Innovation. Recently, the firm conducted a relevant cost analysis of one of Its product lines that has only two products, T-1 and T-2 The sales for T-2 are decreasing and the purchase costs are Increasing. The firm might drop T-2 and sell only T-1. Barbour allocates fixed costs to products on the basis of sales revenue. When the president of Barbour saw the Income statements (see below), he agreed that T-2 should be dropped. If T-2 is dropped, sales of T-1 are expected to Increase by 10 percent next year, but the firm's cost structure will remain the same. Required: 1. Find the expected change in annual operating income by dropping T-2 and selling only T-1. 2 By what percentage would sales from T-1 have to increase in order to make up the financlal loss from dropping T-2? (Enter your answer as a percentage rounded to 2 decimal places (1.e. 0.1234 should be entered as 12.34).) 3. What is the required percentage Increase in sales from T-1 to compensate for lost margin from T-2, If total fixed costs can be reduced by \\( \\$ 45,000 \\) ? (Enter your answer as a percentage rounded to 2 decimal places (1.e. 0.1234 should be entered as 1234 ).)