Due to erratic sales of its sole producta high-capacity battery for laptop computersFEM, Inc., has been experiencing difculty for some time. The company's contribution format income statement for the most recent month is given below: Sales (13,200 units x $20 per unit) $ 264,000 Variable expenses 132,000 Contribution margin 132,000 Fixed expenses 147,000 Net operating loss 35 (15,000) 3. Refer to the original data. The sales manager is convinced that a 10% reduction in the selling price, combined with an increase of $38,000 in the monthly advertising budget, will double unit sales. What will the new contribution format income statement look like if these changes are adopted? 528,000 Variable expenses 378,000 Contribution margin 150,000 Fixed expenses 185,000 Net operating income $ (35,000)