Question 1 Sales Less variable expenses Contribution margin Less fixed expenses Net income The following is Tucker Inc.'s contribution format income statement for last month: The company has no beginning or ending inventories. The company produced and sold 12,000 units last month. umber of units sold increases by 20%, how much will net income increase? 28 29 $700,000 200,000 500,000 300,000 $200,000 30 31