The following CVP income statements are available for Viejo Company and Nuevo Company. Assuming that sales revenue decreased by 20%, prepare a CVP income statement for each company.

Viejo Company		Nuevo Company
Sales		$ 401,800		$ 401,800
Variable costs		176,792		76,342
Contribution margin		225,008		325,458
Fixed costs		170,800		271,250
Net income		$ 54,208		$ 54,208