Problem 1 The J. Page Furniture Company has the following information available regarding costs for 200, which is the current fiscal year: Additionally, the company sells its product for $40.00 per unit and, during fiscal year 200, they sold 20,000 units. (For all analysis, ignore income taxes, as applicable) Required a. For fiscal year ending 12/31/20x0, prepare an Income Statement in the contribution margin format. b. For fiscal year 201, the company would like to increase profits 80% above their 200 amount. If they maintain the selling price and related cost structure, as given above, determine the amount of sales (in units and sales dollars) the company would have to achieve to meet their 201 profit goal. c. For 201, the company's CEO is proposing a 15% increase in the selling price. With that selling price increase, the planning team anticipates a 10% decrease in fiscal year 201 unit sales vs 200 unit sales. Given these proposed changes, but with the same cost structure indicated above, i. Determine the company's 201 net income ii. Prepare a revised Income Statement in the contribution format. d. List the key assumptions associated with cost, volume, and profit analysis