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: Difference Sales revenue $ 49,688 Costs Material $ 105,000 22 % Labor % 11,570 2,670 Rent 56,000 Depreciation 14,000 15 % 16,100 2,100 Utilities 30 % 11,570 Other 4,800 1,200 Total costs $ 197,600 Operating profit $ 13,500

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