A contribution Income statement for the Nantucket Inn is shown below. (Ignore Income taxes.) Revenue Less: Variable expenses Contribution margin Less: Fixed expenses Net income $ 1,850,eee 1,84e, eee $ 810, eee 555, eee $ 255,000 Required: 1. Prepare a contribution Income statement of the hotel's volume of activity Increases by 25 percent, and fixed expenses Increase by 50 percent. 2. Prepare a contribution Income statement of the ratio of variable expenses to revenue doubles. There is no change in the hotel's volume of activity. Fixed expenses decline by $170,000