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Please help with this question. I need all of the work to be shown that helped you get to your answer, and please answer all three parts of the question thanks.... Barbour Corporation, located in Buffalo, New York, is a retailer of high$-$tech products and is known for its excellent quality and

innovation. Recently, the firm conducted a relevant cost analysis of one of its product lines that has only two products, T$-1$ and T$-2.$ The

sales for T$-2$ are decreasing and the purchase costs are increasing. The firm might drop T$-2$ and sell only T$-1.$

Barbour allocates fixed costs to products on the basis of sales revenue. When the president of Barbour saw the income statements

$($see below$),$ he agreed that T$-2$ should be dropped. If T$-2$ is dropped, sales of T$-1$ are expected to increase by $10$ percent next year, but

the firm's cost structure will remain the same.

Required:

Find the expected change in annual operating income by dropping $T-2$ and selling only $T-1.$

By what percentage would sales from T$-1$ have to increase in order to make up the financial loss from dropping T$-2?($Enter your

answer as a percentage rounded to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).)$

What is the required percentage increase in sales from T$-1$ to compensate for lost margin from T$-2,$ if total fixed costs can be

reduced by $$45,000?($Enter your answer as a percentage rounded to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).)$

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