Please answer Question D

The following CVP income statements are available for Blanc Company and Noir Company. Blanc Company Noir Company Sales $540,000 $540,000 Variable costs 324,000 270,000 Contribution margin 216,000 270,000 Fixed costs 189,000 243,000 Net income $27,000 $27,000(d) Assuming that sales revenue decreases by 20%, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blanc Company Noir Company $ $ $