Nat Company's most recent income statement is shown below:

Exercise 1 (Contribution Format Income Statement) Nat Company's most recent income statement is shown below: TotalPer Unit Sales (30,000 units).... Less variable expenses Contribution margin.. Less fixed expenses Net operating income. P150,000 P5 90,000 (3) 60,000 P2 50,000 P 10,000 Required: Prepare a new income statement under each of the following conditions (consider each case independently): I. The sales volume increases by 15%. 2. The sales price decreases by 50 cents per unit, and the sales volume increases by 20%. The selling price increases by 50 cents per unit, fixed expenses increase by P 10,000, and the sales volume decreases by 5% Variable expenses increase by 20 cents per unit, the selling price increases by 12%, and the sales volume decreases by 10% 3. 4