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Oriole Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each scenario

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Oriole Markets imports and sells small bear-shaped piatas. 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 $1,720,000 $40.00 Variable expenses 860,000 20.00 Contribution margin 860,000 $20.00 Fixed expenses 175,000 Operating income $685,000

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