Exercise 5-1 Preparing a Contribution Format Income Statement [LO5-1] Whirly Corporation's most recent income statement is shown below: Total $ 248,000 152,000 Per Unit $31.00 19.00 Sales (8,000 units) Variable expenses Contribution margin Fixed expenses $ 12.00 96,000 55,900 Net operating income $ 40,100 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 1. The sales volume increases by 30 units. Whirly Corporation Contribution Income Statement Total Per Unit 2. The sales volume decreases by 30 units. Whirly Corporation Contribution Income Statement Total Per Unit 3. The sales volume is 7,000 units. Whirly Corporation Contribution Income Statement Total Per Unit