You are the Controller for GenericCompany, LLC. GenericCompany, LLC sells one item, Product X. During the year GenericCompany had $320,000 of fixed costs. The company sold 20,000 units of Product X for $50 each. The variable cost per unit of Product X is $30. The company has an income tax rate of 40%. The company had total operating assets at the end of last year of $550,000 and $450,000 at the end of this year. The company president is considering some projects and would like your team's help understanding how these projects might affect the company's Return on Investment (ROI). To complete your analysis, you need to first prepare a Contribution Margin Format Income Statement. Then you will need to calculate Profit Margin, Asset Turnover and ROI. The President wants to know how each separate project below might affect the Profit Margin, Asset Turnover and ROI. Consider each project separately, use the Contribution Margin Format Income Statement for this year to evaluate each project, starting in each case from the original ROI computed. 1. The company negotiates a deal with a vendor for less costly materials, resulting in a cost savings of $10,000 per year 2. If the company uses Lean Production, the company can reduce the average level of inventory by $100,000 (the released funds will be used to pay off bank loans.) 3. The President believes that the company can increase sales by $100,000 and operating assets will remain unchanged 4. The company is considering issuing bonds and will use the proceeds to purchase $125,000 in machinery and equipment at the beginning of the period. Interest on the bonds is 12% and is paid semiannual. Sales will remain unchanged. The new, more efficient equipment reduces production costs by $5,000 per year. 5. The company is considering investing $180,000 of cash (received on accounts receivable) in a plot of land that will be held for possible future use as a plant site. 6. The company is considering scrapping and writing off obsolete plant assets carried on the books at cost of $100,000 and accumulated depreciation of $80,000