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 Cost of goods 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 $2,110$ 1,308 380 121 114 $1,923$ 187 34 $153$ 32 $121$ For the base case in this question, as a percentage of sales, COGS=62 percent, SGA=18 percent, R&D=5.4 percent. Depreciation, Interest expense are fixed as stated. Tax Rate is 21 percent