EXERCISE 4-1 Preparing a Contribution Format Income Statement [LO1] White Limited's most recent Income statement is shown below: Total Par Unit Sales (6,000 units).. $312,000 $52.00 Variable expenses.. 216000 36.00 Contribution margin. 96,000 $16.00 Fixed expenses... 84,000 Operating income.. $ 12,000 Required: Prepare a new contribution format Income statement under each of the following conditions (consider each case Independently): 1. The sales volume increases by 200 units. 2. The sales volume declines by 200 units. 3. The sales volume is 5.250 units.