The following CVP income statements are available for Blanc Company and Noir Company.

		Blanc Company		Noir Company
Sales		$485,000		$485,000
Variable costs		291,000		242,500
Contribution margin		194,000		242,500
Fixed costs		186,240		234,740
Net income		$7,760		$7,760

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
SalesSelling ExpensesVariable CostsFixed CostsTotal Variable ExpensesContribution MarginNet Income/(Loss)Gross ProfitCost of Goods SoldTotal Fixed ExpensesAdministrative Expenses		$		$
Variable CostsFixed CostsNet Income/(Loss)Total Fixed ExpensesAdministrative ExpensesSelling ExpensesSalesContribution MarginGross ProfitTotal Variable ExpensesCost of Goods Sold
Selling ExpensesSalesGross ProfitTotal Fixed ExpensesTotal Variable ExpensesCost of Goods SoldAdministrative ExpensesVariable CostsFixed CostsContribution MarginNet Income/(Loss)
Net Income/(Loss)Fixed CostsAdministrative ExpensesContribution MarginCost of Goods SoldVariable CostsTotal Variable ExpensesSalesTotal Fixed ExpensesGross ProfitSelling Expenses
Selling ExpensesTotal Fixed ExpensesVariable CostsFixed CostsNet Income/(Loss)Cost of Goods SoldGross ProfitAdministrative ExpensesContribution MarginSalesTotal Variable Expenses		$		$

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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
Net Income/(Loss)SalesTotal Variable ExpensesFixed CostsGross ProfitAdministrative ExpensesSelling ExpensesCost of Goods SoldVariable CostsTotal Fixed ExpensesContribution Margin		$		$
Selling ExpensesGross ProfitTotal Variable ExpensesFixed CostsContribution MarginCost of Goods SoldNet Income/(Loss)SalesAdministrative ExpensesVariable CostsTotal Fixed Expenses
Administrative ExpensesVariable CostsTotal Fixed ExpensesFixed CostsCost of Goods SoldNet Income/(Loss)Contribution MarginTotal Variable ExpensesSelling ExpensesSalesGross Profit
Total Fixed ExpensesVariable CostsGross ProfitContribution MarginTotal Variable ExpensesCost of Goods SoldFixed CostsSalesNet Income/(Loss)Selling ExpensesAdministrative Expenses
Total Fixed ExpensesSalesFixed CostsTotal Variable ExpensesCost of Goods SoldSelling ExpensesAdministrative ExpensesNet Income/(Loss)Variable CostsContribution MarginGross Profit		$		$