Inventory value: $2,290, 000

Material value: 85% of 18,038,000

Using the baseline data below and assuming a decrease of materials cost by 5%, calculate the four new values for A) - D): Materials - 5% Inventory Value - 5% A) Calculate the new COGS. B) Calculate the new Net Income. C) Calculate the new Inventory value. D) Calculate the new Total Assets value. Baseline data: Net Income: $5,658,000 Cost of Goods Sold: $18,038,000 Materials Cost - 85% of COGS Current Assets - $10,151,000 Inventory = $2,290,000 Total Assets - $34,628,000