Extreme Adventures manufactures and sells 10 different models of adventure gear. Extreme Adventures is contemplating a 5% price cut across all 10 models. It expects the price cut to result in a 10% increase in the number of units sold for models PP4201, PP4203, PP4205, and PP4207. The other six models (PP4202, PP4204, PP4206, PP4208, PP4209, and PP4210) are expected to see a 6% increase in sales volume. Assess the impact of the price cut on Extreme Adventures’ profits and prepare a balance sheet.

Model	Sales Price	Variable Costs	Sales Volume
PP4201	$95	$45	2,000
PP4202	$105	$50	2,500
PP4203	$115	$55	3,000
PP4204	$125	$60	3,500
PP4205	$135	$65	4,000
PP4206	$145	$70	4,500
PP4207	$155	$75	5,000
PP4208	$165	$80	5,500
PP4209	$175	$85	6,000
PP4210	$185	$90	6,500