Miller Companys most recent income statement follows:

	Total				Per Unit
Sales (16,000 units)	$	320,000			$	20
Less: Variable expenses		160,000				10
Contribution margin		160,000			$	10
Less: Fixed expenses		63,000
Net income	$	97,000

Consider each of the following cases independently.

Required:

1. Prepare a new income statement if the sales volume increases by 30%, and the selling price decreases by $3.00.

2. Prepare a new income statement if the selling price decreases by $2.5 per unit, and the sales volume increases by 10.

3. Prepare a new income statement if the selling price increases by $1.0 per unit, fixed expenses increase by $7,000 and the sales volume decreases by 5%.

4. Prepare a new income statement if the selling price increases by 5%, variable expenses increase by $0.25 per unit and the sales volume decreases by 25%.