Exercise 22-15Hall Company had sales in 2014 of $1505520 on 62730 units. Variable costs totaled $690030 and fixed costs totaled $638890. A new raw material is available that will decrease the variable costs per unit by 21% (or $2.31). However to process the new raw material fixed operating costs will increase by $61710. Management feels that one-half of the decline in the variable costs per unit should be passed on to customers in the form of a sales price reduction. The marketing department expects that this sales price reduction will result in a 7% increase in the number of units sold.Prepare a CVP income statement for 2014 assuming the changes are made as described.