Question: Clifton Instruments is a small components maker located in Kansas. The company specializes in aircraft instruments and focuses its production around a single family

Clifton Instruments is a small components maker located in Kansas. The company

Clifton Instruments is a small components maker located in Kansas. The company specializes in aircraft instruments and focuses its production around a single family of products. Recently, one of the new members of the company's board of directors suggested the company could increase its profitability by adding a second product line with an increase in the rent the company currently pays on its manufacturing facility of only 10 percent. The board member had to resign because of a conflict of interest before presenting the analysis. An incomplete spreadsheet, below. was all that was available. Required: Complete the below table by filling in the blank cells. Note: Enter all amounts as positive values. Clifton Instruments Projected Income Statement For One Year (5000) Status Quo: Single Product % Increase (Decrease) Alternative. Two Products: Sales revenue $ 123,100 Difference $ 29,028 Costs Material $ 55,000 22 % Labor % 10,920 2,520 Rent 26,000 % Depreciation 9,000 15% 10,350 1,350 Utilities 30% 10,920 Other 3,800 % 950 Total costs $ 110,600 Operating profit $ 12,500

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