JUST NEED HELP WITH #4 all other answers are correct, thank you!

Morton Company's contribution format income statement for last month is given below Sales (43,000 units $28 per unit) Variable expenses $1.204.000 842,800 Contribution margin Fixed expenses 361,200 288,960 Net operating income $ 72,240 The industry in which Morton Company operates is quite sensitive to cyclical movements in the economy Thus, profits vary considerably from year to year according to general economic conditions. The company has a large amount of unused capacity and is studying ways of improving profits Required 1. New equipment has come onto the market that would allow Morton Company to automate a portion of its operations. Variable expenses would be reduced by $8.40 per unit. However, fixed expenses would increase to a total of $650,160 each month. Prepare two contribution format income statements, one showing present operations and one purchased. (Round your "Per unit" answers to 2 decimal places.) showing how operations would appear if the new e quipment is Morton Company Contribution Income Statement Present Proposed Amount Per Unit Amount Per Unit 28.00 19.60 8.40 100 % 40 % 60 % Cost of goods sold $ 1,204,000 $ 100% $ 1.204.000$ 28.00 11.20 16.80 842,800 361,200$ 288,960 72,240 481,600 722,400 650,160 72,240 70 % 30 %