Hau Lee Furniture, Inc., spends 45% of its sales dollars in the supply chain and finds its current profit of $25,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $30,000 so he can obtain the bank's approval for the loan. Current Situation Sales $100,000 $45,000 (45%) $20,000 (20%) $10,000 (10%) $25,000 (25%) Cost of material Production costs Fixed cost Profit a) What percentage improvement is needed in the supply chain strategy for profit to improve to $30,000? What is the cost of material with a $30,000 profit? A decrease of % in material (supply-chain) costs is required to yield a profit of $30,000, for a new material cost of $ for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.) (Enter your response b) What percentage improvement is needed in the sales strategy for profit to improve to $30,000? What must sales be for profit to improve to $30,000? % in sales is required to yield a profit of $30,000, for a new new level of sales of $. (Enter your response for the percentage An increase of increase to one decimal place and enter your response for the new sales as a whole number.)