Shown here is an income statement in the traditional format for a firm with a sales volume of 18,000 units: $162,000 63,600 $ 98,400 Revenues Cost of goods sold ($10,500 + $2.95/unit) Gross profit Operating expenses: Selling ($2,450 + $0.85/unit) Administration ($4,950 + $0.45/unit) Operating income 17,750 13,050 $ 67,600 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 to 1. 23,000 units. 2. 10,000 units. d. Refer to your answer to part a when total revenues were $162,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues 1. Increase by $13,000. 2. Decrease by $10,000. Required A Required B Required C1 Required C2 Required D1 Required D2 Prepare an income statement in the contribution margin format. Contribution Margin Income Statement Revenues $ 162,000 Variable expenses: Cost of goods sold Selling expenses Administrative expenses Total variable expenses 0 Contribution loss 162,000 Fixed expenses: Cost of goods sold Selling expenses Administrative expenses Total fixed expenses 0 $ 162,000 Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Required D2 Calculate the contribution margin per unit and the contribution margin ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Contribution margin per unit Contribution margin ratio % Required A Required B Required C1 Required C2 Required D1 Required D2 k Calculate the firm's operating income (or loss) if the volume changed to 23,000 units. (Do not round intermediate calculations.) ces Operating income Operating loss Required A Required B Required C1 Required C2 Required D1 Required D2 Calculate the firm's operating income (or loss) if the volume changed to 10,000 units. (Do not round intermediate calculations.) Operating income Operating loss Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Required D2 K Refer to your answer to part a when total revenues were $162,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues, calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues increase by $13,000. (Do not round intermediate calculations.) ces Show less A Operating income Operating loss Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Required D2 Refer to your answer to part a when total revenues were $162,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues. calculate the firm's operating income (or loss unit selling price and variable expense per unit do not change and total revenues decrease by $10,000. (Do not round intermediate calculations.) Show less