Wildhorse sells T-shirts imprinted with highschool names and logos. Last year the shirts sold for $25.00 each, and variable costs were $9.00 per shirt At this cost structure, the breakeven point was 27,000 shirts. However, the company actually earned $21,600 in net income This year, the company is increasing its price to $27 per shirt Variable costs pershirt will increase by 20%, and fixed expenses will increase by $37,800. The tax rate will remain at 40%. (a) Your answer is partially correct Prepare a contribution format income statement for last year. (Round per unit computations to 2 decimal places, eg: 0.38.) Wildhorse Contribution Income Statement Total Per unit Sales > 675000 s 25 Variable Expenses