OrioleMarkets 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 $ 22.00

$968,000

Variable expenses $ 10.00

440,000

Contribution margin $ 12.00

528,000

Fixed expenses

175,000

Operating income

$353,000

(a)

The sales price increases by10% and sales volume decreases by6%.(Round per unit answers to 2 decimal places, e.g. 0.38.)

OrioleMarkets

Income Statement

Total Per Unit

Sales

$enter a dollar amount

$enter a dollar amount rounded to 2 decimal places

Variable expenses

enter a dollar amount

enter a dollar amount rounded to 2 decimal places

Contribution margin

enter a total dollar amount

$enter a total dollar amount rounded to 2 decimal places

Fixed expenses

enter a dollar amount

Operating income

$enter a total dollar amount

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(b)