Exercise 5-1 Preparing a Contribution Format Income Statement [LO5-1] Whirly Corporation's most recent income statement is shown below: 3 points Total Per Unit 297,500 $35.00 161,500 19.00 136,000 $16.00 55,300 Sales (8,500 units)$ eBook Variable expenses Contribution margin Fixed expenses Net operating income $80,700 Hint Print References Required Prepare a new contribution format income statement under each of the following conditions (consider each case independently) 1. The sales volume increases by 70 units. Whirly Corporation Contribution Income Statement er Unit Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 1. The sales volume increases by 70 units. Whirly Corporation Contribution Income Statement Total Per Unit 0 2. The sales volume decreases by 70 units 2. The sales volume decreases by 70 units ints Whirly Corporatiorn Contribution Income Statement eBook Total Per Unit Hint Print 0 3. The sales volume is 7,500 units. points eBook 3. The sales volume is 7,500 units Hint Whirly Corporation Contribution Income Statement Print Total Per Unit References Mc Graw Prev 1 of 4