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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 1,182 Selling, general, and 422 administrative expense Depreciation 121 Research and development 106Total costs and expenses $ 1,831 $ Operating Income 279 Interest expense 34 Earnings before Income Taxes $ 245 $ Provision for Income Taxes 51 Net Income $ 194 $ For the base case in this question, as a percentage of sales, COGS = 56 percent, SGA = 20 percent, R&D = 5.0 percent. Depreciation, Interest expense are fixed as stated. Tax Rate is 21 percent