Oriole Company had sales in 2021 of $1,320,000 on 60,000 units. Variable costs totaled $792,000, and fixed costs totaled $440,000. A new raw material is available that will decrease the unit variable costs by 20% (or $2.64). However, to process the new raw material, fixed operating costs will increase by $88.000. 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, e.g. 5.25 and all other answers to 0 decimal places, e.g. 1,225.) ORIOLE COMPANY CVP Income Statement For the Year Ended December 31, 2022 Total Per Unit Sales $ $ 1,320,000 $ Variable Costs 792,000 Contribution Margin 528,000 $ Fixed Costs 440,000 i Net Income/(Loss) $ 88,000 (b) Prepare a projected CVP income statement for 2022, assuming that changes are made as described. (Round per unit cost to 2 decimal places, e.g. 5.25 and all other answers to 0 decimal places, e.g. 1,225.) ORIOLE COMPANY CVP Income Statement For the Year Ended December 31, 2022 Total Per Unit Sales $ $ $ Variable Costs Contribution Margin $ Fixed Costs Net Income/(Loss) $