Sheridan Company operates a small factory in which it manufactures two products: A and B. Production and sales result for last year were as follow: A B Units sold 9,120 18,240 Selling price per unit 65 52 Unit variable cost 35 30 Unit fixed cost 15 15 For purposes of simplicity, the firm allocates total fixed costs over the total number of units of A and B produced and sold. The research department has developed a new product (C) as a replacement for product B. Market studies show that Sheridan Company could sell 13,240 units of C next year at a unit selling price of $80. The unit variable cost of C is $39. The introduction of product C will lead to a 10% increase in demand for product A and discontinuation of product B. If the company does not introduce the new product, it expects next year's result to be the same as last year's. (a) Calculate the net profit before the introduction of Product C. Net Profit $