Comfy Seating Company is currently selling 3,500 oversized bean bag chairs a month at a price of $100 per chair. The variable cost of each chair sold includes $60 to purchase the bean bag chairs from suppliers and a $4 sales commission. Fixed costs are $6,000 per month. The company is considering making several operational changes and wants to know how the change will impact its operating income Read the requirements Requirement 1.Prre the company's current contritution margin income staterment. (Useparentheses or a minus sign for an operating las Requirements Comfy Seating Company Contribution Margin Income Statement 1. Prepare the company's current contribution margin income statement 2. Calculate the change in operating income that would result from implementing Sales revenue 5 350,000 Variable expenses each of the following independent strategy altematives. Core each alternative to the current operating income as you calculated in Requirement 1. Consider each altermative separately a. Alternative 1: The company believes volume will increase by 15% if Cost of goods sold 21000 14.000 35000 336000 6,000 33000 salespeople are pad a commission of 10% of the sales price rather than Contribution margin Fixed expenses Operating income (loss) b. Alternative 2: The company believes that spending an additional 35,000 c. Alternative 3: The company is considening raising the seling price to d. Alternative 4: The company would like to source the product from on advertising would ncrease sales volume by 10% $120, but believes volume would drop by 25% as a result. domestic suppliers who charge $12 more for each unid. Management believes that the "Made in the USA label would increase sales volume by 15% and would allow the company to increase the sales price by $6 per unit. In addition, the company would have to spend an additional S3,000 in marketing costs to get the word out to potential customers of this change PrintDone nter any number in the edit fields and then click Check