Question: could someone answer this problem? step by step instruction would be helpful Using the base case, calculate the composite effects of a 5 percent increase

could someone answer this problem? step by step instruction would be helpful

could someone answer this problem? step by step
Using the base case, calculate the composite effects of a 5 percent increase in Sales, a 2 percent decrease in Gross Margin, and a 5 percent increase is SG&A as percent of Sales. Colossal Chemical Corporation Year Ended December 31, 2021 ($000,000 omitted) Base Case Combined Sales $ 2,110 $ Cost of goods sold 1,203 Selling, general, and 422 administrative expense Depreciation 121 Research and development 110 Total costs and expenses $ 1,856 $ Operating Income 254 Interest expense 34 Earnings before Income Taxes $ 220 $ Provision for Income Taxes 42 Net Income $ 178 $ For the base case in this question, as a percentage of sales, COGS = 57 percent, SGA = 20 percent, R&D = 5.2 percent. Depreciation, Interest expense are fixed as stated. Tax Rate is 19 percent

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