Whispering Winds Corp. has the following transactions during August of the current year. Aug. 1 Opens an office as a financial advisor, investing $5,500 in cash in exchange for common stock. 4 Pays insurance in advance for 6 months, $1,690 cash. 16 Receives $2,300 from clients for services performed. 27 Pays secretary $1,250 salary. Indicate the basic analysis and the debit–credit analysis.

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%.