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The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $470,000

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The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $470,000 282,000 188,000 169,200 $18,800 Noir Company $470,000 235,000 235,000 216,200 $18,800 Assuming that sales revenue increases by 20%, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blanc Company Noir Company Sales Variable costs Contribution margin Fixed costs Net income /(Loss) $ $ Assuming that sales revenue decreases by 20%, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number e.g. - 45 or parentheses e.g. (45).) Blanc Company Noir Company Sales $ Variable costs Contribution margin Fixed costs Net income /(Loss) $ $

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