Problem 12-21 (Algo) Prepare a contribution margin format income statement; answer what-if questions LO 12-7, 12-8, 12-9 Shown here is an income statement in the traditional format for a firm with a sales volume of 7,600 units. Cost formulas also are shown: Required: a. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed from 7,600 units to 1. 11,400 units. 2. 3,800 units. d. Refer to your answer to part a for total revenues of $34,500. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues 1. Increase by $11,000. 2. Decrease by $3,000. Complete this question by entering your answers in the tabs below. Prepare an income statement in the contribution margin format. Complete this question by entering your answers in the tabs below. Calculate the contribution margin per unit and the contribution margin ratio. Note: Do not round intermediate calculations. Round "contribution margin per unit" to 2 decimal places. Calculate the firm's operating income (or loss) if the volume changed from 7,600 units to 11,400 units. Note: Do not round intermediate calculations. Calculate the firm's operating income (or loss) if the volume changed from 7,600 units to 3,800 units. Refer to your answer to part a for total revenues of $34,500. Note: Do not round intermediate calculations. Refer to your answer to part a for total revenues of $34,500. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues increase by $11,000. Note: Round intermediate calculations to 2 decimal places. Refer to your answer to part a for total revenues of $34,500. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues decrease by $3,000. Note: Round intermediate calculations to 2 decimal places