Ivanhoe Markets imports and sells small bear-shaped pinatas. In planning for the coming year, the company's 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 year's income statement is as follows: Total Per Unit Sales revenue $880,000 $22.00 Variable expenses 480,000 12.00 Contribution margin 400,000 $10.00 Fixed expenses 175,000 Operating income $225,000 (a) The sales price increases by 10% and sales volume decreases by 4%. (Round per unit answers to 2 decimal places, e.g. 0.38.) Ivanhoe Markets Income Statement Total Per Unit Sales 64 Variable expenses Contribution marginContribution margin $ Fixed expenses Operatingincome 5 eTextbook and Media 3:- . e =:-- __=-_:-- Last saved 4 hours ago. Attempts: 0 of 3 used Saved work will be autosubmitted on the due date. Auto submission can take up to 10 minutes. lb} The sales price increases by 12% and variable cost per unit increases by 6%. {Round per unit answers to 2 decimal places, 3.3. 0.38.} Ivanhoe Markets Income Statement Total Per Unit Sales 5% $ Variable expenses Contribution margin $ Fixed expenses Fixed expenses Operating income $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) Your answer is correct. The sales price decreases by 5% and sales volume increases by 15%. (Round per unit answers to 2 decimal places, e.g. 0.38.) Ivanhoe Markets Income Statement Total Per Unit Sales 961,400 $ 20.90 Variable expenses 652,000 i 12.00 Contribution margin 409,400 8.90 Fived ovnoncoc 175 000Fixed expenses HI i Operating income 5 v I: eTextbook and Media Attempts: 1 of 3 used (d) Fixed expenses increase by $10,000. {Round per unit answers to 2 decimai pieces. 8.3. 0.38.} Ivanhoe Markets Income Statement Total Per Unit Sales 5 $ Variable expenses Contribution margin $ Fixed expenses Operating income 5