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Thank you:) The following CVP income statements are available for Cullumber Corp. and Blossom, Inc. CullumberCorp. Blossom, Inc. Sales revenue $896,000 $896,000 Variable costs 400,000

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The following CVP income statements are available for Cullumber Corp. and Blossom, Inc. CullumberCorp. Blossom, Inc. Sales revenue $896,000 $896,000 Variable costs 400,000 224,000 Contribution margin 496,000 672,000 Fixed costs 336,000 512,000 Net income $160,000 $160,000 Assume that sales revenue decreases by 20%. Prepare a CVP income statement for each company. (Do not round intermediate calculations.) CullumberCorp. Blossom, Inc. Sales Revenue ta $ Variable Costs Contribution Margin A Fixed Costs Net Income /(Loss) $ ta $

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