Answer both the blanks. First part is already answered. Only answer B part complete two blanks.

Question Help Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $21,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $26,000 so he can obtain the bank's approval for the loan. Sales Cost of material Production costs Fixed cost Profit Current Situation $140,000 $70,000 (50%) $28,000 (20%) $21,000 (15%) $21,000 (15%) 321,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $26,000? What is the cost of material with a 526.000 profit? A decrease of 7.1 % in material (supply-chain) costs is required to yield a profit of $26,000, for a new material cost of $ 65000. (Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.) b) What percentage improvement is needed in the sales strategy for profit to improve to $26,000? What must sales be for profit to improve to 525,000? An increase of % in sales is required to yield a profit of $26,000, for a new new level of sales of $](Enter your response for the percentage increase to one decimal place and enter your response for the new sales as a whole number.)