Cullumber Company had sales in 2021 of $1,260,000 on 60,000 units. Variable costs totaled $756,000, and fixed costs totaled $420,000. A new raw material is available that will decrease the unit variable costs by 20% (or $2.52). However, to process the new raw material, fixed operating costs will increase by $84,000. Management feels that one half of the decline in the unit variable costs 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 2022, assuming the changes have not been made. (Round per unit cost to 2 decimal places, eg. 5.25 and all other answers to 0 decimal places, e.g. 1,225.) CULLUMBER COMPANY CVP Income Statement For the Year Ended December 31, 2022 Total Per Unit Sales $ 1260000 $ 21 Variable Costs 756000 12.6 Contribution Margin 504000 $ 8.4 Fixed Costs 504000 Net Income/(Loss) $ (b) Prepare a projected CVP income statement for 2022, assuming that changes are made as described. (Round per unit cost to 2 decimal places, e.g. 5.25 and all other answers to 0 decimal places, e.g. 1,225.) CULLUMBER COMPANY CVP Income Statement For the Year Ended December 31, 2022 Total Per Unit Sales $ $ Variable Costs $ Contribution Margin Fixed Costs V Net Income/(Loss) $