Miller Company's most recent income statement follows: Total Per Unit $20 $300,000 180,000 12 Sales (15,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income 120,000 70,000 $ 50,000 Consider each of the following cases Independently. 3. Prepare a new income statement if the selling price increases by $1 per unit, fixed expenses increase by $20,000 and the sales volume decreases by 5%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Answer is not complete. Per Total Unit Sales Less: Variable expenses Contribution margin 0 S 0.00 Less: Fixed expenses Net income 0 4. Prepare a new Income statement if the selling price increases by 5%, variable expenses increase by $1 per unit and the sales volume decreases by 10%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Answer is not complete. Per Total Unit Sales Less: Variable expenses Contribution margin 0 $ 0.00 Less: Fixed expenses Net income 0