Miller Company's most recent contribution format income statement is shown below: er Sales (42,000 units) Variable expenses $420,000 $10.00 294,000 7.00 126,000 $3.00 Contribution margin Fixed expenses 49,000 Net operating income $77,000 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 16%. Miller Company Contribution Income Statement Total Per Unit Sales Variable expenses Contribution margin Fixed expenses Net operating income 487,200 $ 98,280 388,920 $ 10.00 7.00 3.00 $388,920