I say it's time we cut back on the X-20 model and shift our resources toward the new N-36 model," said Bailey Demirka, executive vice president of Abdex Products, Inc. "Just look at this statement I've received from accounting. The N-36 is generating more than sixteen times the profits of the X-20, and it has only about one fifth as much in sales. I've become convinced that our future depends on the N-36." The statement to which Bailey was referring follows: ABDEX PRODUCTS, INC. Income Statement For the Year Ended June 30, 2023 Total N-36 X-20 Sales$ 2,330,000 $ 430,000$1,900,000 Cost of goods sold 1,920,000 220,000 1,700,000 Gross margin 410,000 210,000 200,000 Less selling and administrative expenses 233,000 43,000 190,000 Net Income $177,000$ 167,000 $ 10,000 Number of units produced and sold - 1,000 5,000 Net income per unit sold - $167 $2 "The numbers sure look that way," replied Jahi Zayas, the company's sales vice president. "But why aren't our competitors more excited about the N-36? I know we've only been producing the product for three years, but it seems like more of them would recognize what a money maker it is." "I think its