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Diamond, Inc.'s most recent contribution margin income statement shows the following: Line Item Description Amount Sales @ $10 per unit $160,000 Less: Variable expenses (120,000)

Diamond, Inc.'s most recent contribution margin income statement shows the following: Line Item Description Amount Sales @ $10 per unit $160,000 Less: Variable expenses (120,000) Contribution margin $ 40,000 Less: Fixed expenses (50,000) Operating income (loss) $ (10,000) What would Diamond, Inc.'s operating income (or loss) be if fixed costs were increased by 10% and sales volume increased by 30%?

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