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 on an improved profit picturo prior to approval of a loan for some new equipment. Hou would like to improve the profit in to $21,000 so he can obtain the bank's approval for the loan Current Situation Sales $80,000 Cost of material $36,000 (45%) Production costs $16,000 (20%) Fixed cost $12,000 (15%) Profit $10.000 (20%) 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 % in material (supply chain) costs is required to yield a profit of $21.000, for a new material cost of (Enter your response for the porcentage decrease to one decimal place and enter your response for the new matonal 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? An increase of % in sales is required to yield a profit of $21,000, for a new new level of sales of of (Enter your response for the percentage increase to decimal place and enter your response for the new sales as a whole number) one