Contribution Margin Income Statement for Year Ended December 31. 12,200 units sold. 11,600 units sold. A manufacturers contribution margin income statement for the year follows. Prepare a contribution margin income statement if the number of units sold: (a) increases by 300 units and (b) decreases by 300 units. Sales $10 per unit x 11,900 units = $119,000. Variable cost $71,400. Contribution margin $47,600. Fixed costs $34,000. Income $13,600.

\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Answer is complete but not entirely correct. } \\ \hline \multicolumn{4}{|c|}{ Contribution Margin Income Statement } \\ \hline \multicolumn{4}{|c|}{ For Year Ended December 31} \\ \hline & & \begin{tabular}{l} 12,200 units \\ sold \end{tabular} & \begin{tabular}{l} 11,600 units \\ sold \end{tabular} \\ \hline Sales & 2 & 122,000 & 116,000 \\ \hline Variable costs & 2 & 62,475 & 59,325 \\ \hline Contribution margin & & 59,525 & 56,675 \\ \hline Fixed costs & 2 & 34,000 & 34,000 \\ \hline Income & 2 & 25,525 & 22,675 \\ \hline \end{tabular}