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AN Viejal Group has collected the following information after its first year of sales. Sales were 1,600,000 on 100,000 units, selling expenses 250,000 (40% variable and 60% fixed), direct materials 490,000, direct labor 290,000, administrative expenses 270,000 (20% variable and 80% fixed), and manufacturing overhead 380,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year. Required 1. Prepare the CVP income statement for the current year and projected year 2. Explain the change in net income between current and projected year in terms of revenue and costs change 3. The company has a target net income of 200,000. What is the required sales for the company to meet its target? 4. Which, from suggested above, is the best action for AN Vieial group? And why