SND, Inc., had the following results for 2010: Prepare a new income statement for each of the following scenarios. Consider each scenario independently.
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| Sales | $2,000,000 | $20.00 |
| Variable expenses | 1,250,000 | 12.50 |
| Contribution margin | 750,000 | $ 7.50 |
| Fixed expenses | 400,000 | |
| Operating income | $ 350,000 |
Prepare a new income statement for each of the following scenarios. Consider each scenario independently.
Required
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