Preparing a Contribution Format Income Statement. (LO 3-1) Wheeler Corporations most recent income statement follows.

Total Per Unit
Sales (8,000 units)	$208,000	$26.00
Variable expenses	244.000	18.00
Contribution margin	64.00	$8.00
Fixed expenses	56.00
Net Operating income	$8,000

Required:

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

1. The sales volume increases by 50 units

2. The sales volume declines by 50 units.

3. The sales volume is 7,000 units.