Griffin's Steel Parts produces parts for the automobile industry. The company has monthly foed expenses of 5550,000 and a contrbubon margin of 70% of rerenues Griffin feels like he is in a giant squeoze play. The automotive manudacturers are demanding lower prices, and the steel producers have inceased raw material costs. Gritfin's contribution margin has shrunk to 40% of revenues. Grifin's monthly operating income, prior to fhese pressures, was $135,000. Requirements 1. To maintain this same level of profit, what sales volume (in sales revenue) must Gntiin now achieve? 2. Grifin believes that his monthly sales rovenue wil go only as high as $1,100,000. He is thinking about moving operations overseas lo cut fueed costs. If monthly sales are $1,100,000, by how much wil he need to cut fixed costs to maintain his prior profit level of $135,000 per month? Requirement 1. To maintain this same level of profit, What sales volume (in sales revenue) must Gntlin now achieve? Select the labels to complete the formula to compute the target sales rovenue in dollars using the contribution margin approach. Then enter the amounts to caiculate Select the labeis to compiete the fombia to compote the taigot sabis tovendecimals. Round your answer up to the nearest whole dollar.)