Hello, I was able to do one part of this problem, but struggling with the other part. Thank you!

Sheridan Company had sales in 2020 of $1,845,000 on 73,800 units. Variable costs totaled $1,107,000 and fixed costs totaled $466,000. A new raw material is available that will decrease the variable costs per unit by 20% (or $3.00 ). However, to process the new raw material, fixed operating costs will increase by $130,000. Management feels that two-thirds of the decline in the variable costs per unit should be passed on to customers in the form of a sales price reduction. The marketing department expects that this sales price reduction will result in a 4% increase in the number of units sold. Prepare a projected CVP income statement for 2020 assuming that changes are made as described. Prepare a projected CVP income statement for 2020 assuming the changes have not been made. Sheridan Company had sales in 2020 of $1,845,000 on 73,800 units. Variable costs totaled $1,107,000 and fixed costs totaled $466,000. A new raw material is available that will decrease the variable costs per unit by 20% (or $3.00 ). However, to process the new raw material, fixed operating costs will increase by $130,000. Management feels that two-thirds of the decline in the variable costs per unit should be passed on to customers in the form of a sales price reduction. The marketing department expects that this sales price reduction will result in a 4% increase in the number of units sold. Prepare a projected CVP income statement for 2020 assuming that changes are made as described. Prepare a projected CVP income statement for 2020 assuming the changes have not been made