Sam and Sandy have an agreement whereby Sam will build a house on Sandy's beachfront lot. Before construction begins, Sandy changes her mind and decides she would rather build an addition onto her home in Baltimore. She discusses this with Sam, and they agree that he would build the addition to her home and not build the beach house. In this case, Sandy and Sam have:

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.