Practice Problem 1 (Part Level Submission) The following CVP income statements are available for Blanc Company and Noir Company. Blanc Company Noir Company Sales $450,000 $450,000 225,000 Variable costs 270,000 Contribution margin 180,000 162,000 Fixed costs 225,000 207,000 $18,000 Net income $18,000 (c) Assuming that sales revenue increases 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 Sales 540,000 540,000 $ $ Variable costs 324,000 270,000 Contribution margin Fixed costs Net income / (Loss) $ $ Click if you would like to show Work for this question: Open Show Work LINK TO TEXT