A company's contribution income statement as follows: TREAT EACH PART INDEPENDENTLY Questions for Reginad Company Sales (20.000 units @ 60 per unit) $1,200,000 Less: Variable cost 20,000@ $45 900,000 Contribution margin 300,000 Less fixed cost 240,000 Net income 60.000 What is the profit if the sales volume increases by 20 percent to the present (assume variable costs will change in same proportion) None of the above 0 $100,000 0 $60,000 0 $80,000 O $120,000