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White Limiteds most recent income statement is shown below: Total Per Unit Sales (5,900 units) $ 283,200 $ 48 Variable expenses 147,500 25 Contribution margin

White Limiteds most recent income statement is shown below:

Total Per Unit
Sales (5,900 units) $ 283,200 $ 48
Variable expenses 147,500 25
Contribution margin 135,700 $ 23
Fixed expenses 118,450
Operating income $ 17,250

Required:

Prepare a new contribution format income statement under each of the following conditions (consider each case independently):

1. The sales volume increases by 300 units.

2. The sales volume declines by 300 units.

3. The sales volume is 5,150 units.

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