Blue Ocean Company sells T-shirts. The business's profit calculation for last year is shown here: Blue Ocean has indicated that they are considering another possible price change to help increase the business's profits. The alternative the business is considering is to increase the selling price per t-shirt to $18. They believe this would result in a loss of sales of 600t shirts. Required: a. Using the above income statement format, show the calculation of expected profit/loss for Blue Ocean's operation next year. ( 25 marks) b. What is the contribution margin ratio for the coming year? (10 marks) c. Provide your recommendation with an explanation. (10 marks)