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Using the same case, calculate the independent effects of a 2 percent increase in Gross Margin, a 2 percent decrease in the Tax Rate, and a 5 percent decrease in Sales. Colossal Chemical Corporation Year Ended December 31, 2021 {$000,000 omitted} Sales Cost ofgoods sold Selling, general, and administrative expense Depreciation Research and development Total costs and expenses Operating Income Interest expense Earnings before Income Taxes Provision for Income Taxes Net Income Base Case $2,110 :5 1,456 274 160 46 $ 1,936 $ 174 39 $135 $ 24 $111 $ 2% Increase in Gross Margin 21522 $ 1 485, 12 2791789 160 42.348 1924.22 $ 177,48 3'? 137.? $ 21.6 113.22 $ 2% Decrease in Tax Rate 2109 160 1 74 39 135 21 111 5% Decrease in Sales 160 165 39 128 23 105 For the base case in this section, as a percentage of sales, COGS = 69 percent, SGA = 13 percent, R&D = 2.2 percent. Depreciation, Interest expense are fixed as stated. Tax Rate is 18 percent