Cullumber Markets imports and sells small bear-shaped piatas. In planning for the coming year, the companys owner is evaluating several scenarios. For each scenario under consideration, prepare a contribution margin income statement showing the anticipated operating income. Consider each scenario is applied independently to the original data. Last years income statement is as follows:

		Total		Per Unit
Sales revenue		$900,000		$20.00
Variable expenses		450,000		10.00
Contribution margin		450,000		$10.00
Fixed expenses		175,000
Operating income		$275,000

b. The sales price decreases by 5% and sales volume increases by 15%. (Round per unit answers to 2 decimal places, e.g. 0.38.)

Cullumber Markets Income Statement
		Total		Per Unit
Sales		$enter a dollar amount		$enter a dollar amount rounded to 2 decimal places
Variable expenses		enter a dollar amount		enter a dollar amount rounded to 2 decimal places
Contribution margin		enter a total dollar amount		$enter a total dollar amount rounded to 2 decimal places
Fixed expenses		enter a dollar amount
Operating income		$enter a total dollar amount