Hau Lee Furniture, Inc., spends 45 % of its sales dollars in the supply chain and finds its current profit of $16,000 inadequate. The bank is insisting profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $21,000 so he can obtain the bank's approval for the loan. on an improved Current Situation Sales $80,000 $36,000 (45 % ) $20,000 (25 %) $8,000 (10 % ) $16,000 (20 % ) Cost of material Produc costs Fixed cost Profit a) What percentage improvement is needed in the supply chain strategy for profit to improve to $21,000? What is the cost of material with a $21,000 profit? A decrease of 13.9 % in material (supply-chain) costs is required to yield a profit of $21,000, for a new material cost of S 31000 (Enter your response for the percentage decrease to one decimal place and enter your response for the new matenial cost as a whole number) b) What percentage improvement is needed in the sales strategy for profit to improve to $21,000? What must sales be for profit to improve to $21,000? (Enter your response for the percentage increase to one % in sales is required to yield a profit of $21,000, for a new new level of sales of S An increase of decimal place anofenter your response for the new sales as a whole number)