Holbrook Company gathered the following data for the past two years:

1. Calculate the total change in income. If the change is negative, enter answer using a minus sign.
2. Calculate the change in profits attributable to productivity changes. If the change is negative, enter answer using a minus sign. If required, round your intermediate calculations to the nearest dollar.
3. Calculate the price-recovery component. If required, round your intermediate calculations to the nearest dollar.

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Base Year Current Year 940,000 $16 Output Output prices Input quantities: Materials (Ibs.) Labor (hrs.) Input prices: 1,140,000 $16 123,684 313,333 1,140,000 570,000 $6 $7 $8 Materials Labor $8