Problem 1 - Special Order Blair Corporation sells widgets with the following information: Units Sold: Selling Price Per Unit: Variable Cost Per Unit: Fixed Costs: 25,000 $25.00 $15.00 $100,000 Part 1 - Prepare the income statement for the current information: Sales Variable Costs Contribution Margin Fixed Costs Operating Income A local business has called in desperate need of our product. Their supplier is unable to supply them with widgets due to Covid 19. Their offer to buy widgets is as follows: 5,000 units but with a 20% discount from our normal price. These widgets would need to changed slightly adding $2.00 to the variable cost per unit. Also, the additional fixed costs would be 20% of the current fixed costs. Part 2 - Prepare an income statement for the special order Sales Variable Costs Contribution Margin Fixed Costs Operating Income Part 3 - Should Blair make the additional widgets? Support your answer with amounts from your income statements