Problem 2 Cleveland Browns Company is analyzing its CVP relationships for product Football. Company accountants have accumulated the following monthly information: $ Units Sales Variable Costs Contribution Margin Fixed Costs Net Income $ 1,250,000 600,000 650,000 481,000 $ 169,000 Per Unit 50,000 $ 25.00 $ 12.00 $ 13.00 Fill in the following table. Show your work and highlight your answer for each item. Break-Even Sales in Units: Margin of Safety, Units: Margin of Safety, Percentage (%): (Whole Units) (Whole Units) (0.000%) Break-Even Sales in Dollars (S): ($0.00) Margin of Safety, Dollars ($): ($0.00) Operating Leverage: (0.00) Sales in whole units necessary to achieve a minimum of $180,000 of Net Income per month. (Whole Units) Sales in dollars ($) necessary to achieve a minimum of $180,000 of Net Income per month. ($0.00) Cleveland is facing increasing competition from Bengals Company. This will force Cleveland to reduce its sales price by 10%. In addition, economic conditions are deteriorating, causing a reduction in sales volume. Browns management believes unit sales will decrease by 5%. Management wants a minimum net income of $165,000. Cleveland has been working with its suppliers and has been able to reduce variable costs by $2.00 per unit. However, the company must also reduce its fixed costs. By how much must Cleveland decrease its fixed cost to achieve the desired $165,000 of net income? Show your work and highlight your answer in the blank