A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Required: 1. Prepare a contribution income statement if the hotel's volume of activity increases by 25 percent, and fixed expenses increase by 50 percent. 2. Prepare a contribution income statement if the ratio of variable expenses to revenue doubles. There is no change in the hotel's volume of activity. Fixed expenses decline by $200,000. Complete this question by entering your answers in the tabs below. Prepare a contribution income statement if the hotel's volume of activity increases by 50 percent. Required: 1. Prepare a contribution income statement if the hotel's volume of activity increases by 25 percent, and fixed expenses increase by 50 percent. 2. Prepare a contribution income statement if the ratio of variable expenses to revenue doubles. There is no change in the hotel's volume of activity. Fixed expenses decline by $200,000 Complete this question by entering your answers in the tabs below. Prepare a contribution income statement if the hotel's volume of activity increases b by 50 percent. Required: 1. Prepare a contribution income statement if the hotel's volume of activity increases by 25 percent, and fixed expenses increase by 50 percent. 2. Prepare a contribution income statement if the ratio of variable expenses to revenue doubles. There is no change in the hotel's volume of activity. Fixed expenses decline by $200,000. Complete this question by entering your answers in the tabs below. Prepare a contribution income statement if the ratio of variable expenses to revenue hotel's volume of activity. Fixed expenses decline by $200,000