Carey Company had sales in 2016 of $1,658,800 on 63,800 units. Variable costs totaled $1,148,400, and fixed costs totaled $467,000 A new raw material is available that will decrease the variable costs per unit by 20% (or $3.60). However, to process the new raw material, fixed operating costs will increase by $94,000. Management feels that one half of the decline in the variable costs per unit should be passed on to customers in the form of a sales price reduction. The marketing department expects that this sales price reduction will result in a 5% increase in the number of units sold. (a) Prepare a projected CVP income statement for 2017, assuming the changes have not been made. (Round per unit cost to 2 decimal places, e.g. 5.25 and all other answers to decimal places, eg. 1,225 CAREY COMPANY CVP Income Statement For the Year Ended December 31, 2017 , Total Per Unit Sales 1,658,800 $ 26 Variable Costs 1,148,400 Contribution Margin 510.400 Fixed Costs 467,000 (b) Prepare a projected CVP income statement for 2017, assuming that changes are made as described. (Round per unit cost to 2 decimal places, eg. 5.25 and all other answers to O decimal places, e.g. 1.225.) CAREY COMPANY CVP Income Statement For the Year Ended December 31, 2017 - Total Per Unit Sales Variable Costs Contribution Margin . Fixed Costs Net Income/(Loss)