(Solved): Porter Company's most recent contribution format income statement is shown below: Required: Prepar ...

Porter Company's most recent contribution format income statement is shown below: Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 1. The number of units sold increases by \( 15 \% \). 2. The selling price decreases by 50 cents per unit, and the number of units sold increases by \( 20 \% \). 3. The selling price increases by 50 cents per unit, fixed expenses increase by \( \$ 10,000 \), and the number of units sold decreases by \( 5 \% \). 4. Variable expenses increase by 20 cents per unit, the selling price increases by \( 12 \% \), and the number of units sold decreases by \( 10 \% \).