Prepare a contribution income statement if the ratio of variable expenses to revenue doubles. There is no change in the hotel's volume of activity. Fixed expenses decline by $25,000. Use the following information for the Exercises below. [The following information applies to the questions displayed below.] A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Prepare a contribution income statement if the hotel's volume of activity increases by 20 percent, and fixed expenses increas by 40 percent