Barbour Corporatlon. located In Buffalo. New York. Is retaller of hlgh-lech products end Is known for Its excellent quollty ond Innovatlon_ Recently. me firm conducted a relevant cost analysls of one of Its product llnes has only two products, T-1 and T-2 The sales for T-2 ere decreoslng end me purchase costs are Increasing. The firm might drop T-2 and sell onVy T-1_ Barbour allocates fixed costs to products on the basis of sales revenue. When the presldent 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% next year, but the firm's cost structure WII reman the seme. sold 182, eog & administrati Ss,eeg Fixed egg '8,eeg s (32, egg) in of T-1 d in T-1 ble OF goods selling Contribut Fixed sellin Operating i Required: sag, egg 86, eog 12, egg 76, egg 28, egg S 324, egg SS, egg 91, egg n , egg 1. And the expected change In annual operetlng Income by dropplng T-2 and selling only T-1. 2 ay percentage would sales from T-1 have to Increase In order to make up the financial loss from dropplng T-2? (Enter your answer as percentage rounded to 2 declmal places (I.e. 0.1234 should be entered a; 12.34).) 3. What 's the requlred percentage Increase In soles from T-1 to compensate for lost margin from T-2, If lolol fixed costs can be reduced by S52500? (Enter your answer a; a percentage rounded to 2 declmal places (I.e. 0.1234 should be entered a; 12.34).) 77, soo Requ