Shown here is an income statement in the traditional format for a firm with a sales volume of 15,500 units: $ 201,500 53,400 $148, 100 Revenues Cost of goods sold ($10,000 - $2.80/unit) Gross profit Operating expenses: Selling (52,100 - $1.20/unit) Administration ($5,200 + $0.30/unit) Operating income 20,700 9,850 $117,550 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. 20,500 units 2. 7,500 units d. Refer to your answer to part a when total revenues were $201,500. Calculate the firm's operating income for loss) if unit selling price and variable expense per unit do not change and total revenues 1. Increase by $12,000. 2. Decrease by $7,500 Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required Di Required D2 Prenare an income statement in the contribution marnin format question by entering your answers in the tabs Required A Required B Required c1 Required C2 Required D1 Prepare an income statement in the contribution margin format. Contribution Margin Income Statement Revenues Variable expenses: 'Administrative expenses Selling expenses Cost of goods sold 0 0 Total variable expenses Contribution margin Fixed expenses Administrative expenses Selling expenses Cost of goods sold Total fixed expenses Operating income 0 0 S Require 2. 7,500 units. d. Refer to your answer to part a when total revenues were $201,500. Calculate the firm's and variable expense per unit do not change and total revenues 1. Increase by $12,000. 2. Decrease by $7,500. 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 inter your answers to 2 decimal places.) Contribution margin per unit Contribution margin ratio % c. Calculate the firm's operating income (or loss) if the volume changed to 1. 20,500 units. 2. 7,500 units. d. Refer to your answer to part a when total revenues were $ 201,500. Calculate the firm's opera and variable expense per unit do not change and total revenues 1. Increase by $12,000. 2. Decrease by $7,500. Complete this question by entering your answers in the tabs below. S 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 20,500 units. (Do not round calculations.) Operating income D. Calculate the contribution margin per unit ana the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed to 1. 20,500 units. 2. 7,500 units. d. Refer to your answer to part a when total revenues were $201,500. Calculate the firm's operating and variable expense per unit do not change and total revenues 1. Increase by $12,000. 2. Decrease by $7,500. 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 firm's operating income (or loss) if the volume changed to 7,500 units. (Do not round interme Operating income c. Calculate the firm's operating income (or loss) if the volume changed to 1. 20,500 units 2.7.500 units. d. Refer to your answer to part a when total revenues were $201,500. Calculate the firm's operating income (or loss) if unit selling and variable expense per unit do not change and total revenues 1. Increase by $12,000 2. Decrease by $7,500 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required C2 Required D1 Required D2 Refer to your answer to part a when total revenues were $201,500. 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 $12,000. (Do not round intermediate calculations.) Show less Operating income c. Calculate the firm's operating income (or loss) if the volume changed to 1. 20,500 units. 2. 7,500 units d. Refer to your answer to part a when total revenues were $201,500. Calculate the firm's operating income (or loss) if unit sel and variable expense per unit do not change and total revenues 1. Increase by $12,000. 2. Decrease by $7,500 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 $201,500. 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 decrease by $7,500. (Do not round intermediate calculations.) Show less Operating income