The following CVP income statements are available for Blanc Company and Noir Company. Blanc Company Noir Company Sales $500,000 $500,000 Variable costs 280,000 180,000 Contribution margin 220,000 320,000 Fixed costs 170,000 270,000 Net income $50,000 $50,000 (d) Your answer is partially correct. 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).) Sales Variable Costs Contribution Margin Fixed Costs Net Income/(Loss) $ Blanc Company 480000 268800 211200 170000 41200 $ Noir Company 480000 172800 307200 270000 i 137200