Practice Problem 1 (Part Level Submission) The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $470,000 282,000 188,000 169,200 $18,800 Noir Company $470,000 235,000 235,000 216,200 $18,800 Your answer is partially correct. Try again. Assuming that sales revenue increases by 20%, prepare a CVP income statement for each company. (Enter ne parentheses e.g. (45).) Blanc Company Noir Company Sales 564000 5640001 Variable costs Contribution margin Fixed costs 169200 216200 Net income / (Loss) Click if you would like to Show Work for this question: Open Show Work