Sheridan Company had sales in 2022 of $1,606,500 on 59,500 units.Variable costs totalled $654,500, and xed costs totalled $823,700. A new raw material is available that will decrease the variable costs per unit by 20% [or $2.20). However, to process the new raw material, xed operating costs will increase by $32,400. Management feel that one half of the decline in the variable costs per unit should be passed on to customers in the form ofa sales price reduction.The marketing department expects that this sales price reduction will result in a 10% increase in the number of units sold. Prepare a CV P income statement for 2022: {Round per unit cost to 2 decimal places, 3.3. 15.25.) (a) Assuming the changes have not been made: (a) Assuming the changes have not been made: SHERIDAN COMPANY CVP Income Statement (Unchanged) Total Per Unit v $ v LA v V v $(b) Assuming that changes are made as described. SHERIDAN COMPANY CVP Income Statement (with changes) V Total Per Unit $ $ v v $ v $