1) Live Live & Organic is a popular NYC based health market which produces and sells organic cosmetics and beauty products. Company is currently seeking potential investors. For this reason, they present their operating income statement of December 2019 to Vanguard Wellington investor company. 10.000 $100,000 Live Live & Organic December, 2019 Operating Income Statement Units Sold Revenues Cost of Goods Sold Variable manufacturing costs $55,000 Fixed manufacturing costs 20,000 Total Gross margin Operating costs Variable marketing costs $5,000 Fixed marketing and administration costs 10,000 Total operating costs Operating income 75,000 25,000 15,000 $10,000 Vanguard Wellington needs to understand Live Live & Organic's cost structure better, therefore Live Live & Organic asks you to provide the following information: 1. State the contribution margin percentage and breakeven points in units and revenues for December 2019. Show your calculations. 2. Calculate the margin of safety in units for December 2019. 3. Assuming a tax rate of 30% and sales of 8,000 units for December 2019, what is Live Live & Organic's net income