muestion 1 of 6 - / 10 IN ew Policies current Attempt in Progress Sheridan Company had sales in 2021 of $1,710,000 on 60,000 units. Variable costs totaled $1,026,000, and fixed costs totaled $570,000 A new raw material is available that will decrease the unit variable costs by 20% (or $3.42). However, to process the new raw materia fixed operating costs will increase by $114,000, Management feels that one half of the decline in the unit variable costs 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 5% increase in the number of units sold. (a) Prepare a projected CVP Income statement for 2022, assuming the changes have not been made. (Round per unit cost to 2 decimal places, eg, 5.25 and all other answers to O decimal places, eg. 1,225) SHERIDAN COMPANY CVP Income Statement Total Per Unit (b) Prepare a projected CVPincome statement for 2022, assuming that changes are made as described. (Round per unit cost to 2 decimal places, eg. 5.25 and all other answers to decimal places, eg. 1.225) SHERIDAN COMPANY CVP Income Statement (b) Prepare a projected CVP income statement for 2022, assuming that changes are made as described. (Round per unit cost to 2 decimal places, eg, 5.25 and all other answers to decimal places, eg. 1.225.) SHERIDAN COMPANY CVP Income Statement Total Per Unit e Textbook and Media