2) The Paper Company has operated out of Toronto, Ontario for the last 10 years. The...

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2) The Paper Company has operated out of Toronto, Ontario for the last 10 years. The company has had an operating loss of $50,000, sales of $500,000, a contribution margin of $100,000. There were 1,000 items sold. Calculate the break-even point in units. Explain what happens to the operating income after break even. Prepare the CVP Income Statement at Break-Even. 2) The Paper Company has operated out of Toronto, Ontario for the last 10 years. The company has had an operating loss of $50,000, sales of $500,000, a contribution margin of $100,000. There were 1,000 items sold. Calculate the break-even point in units. Explain what happens to the operating income after break even. Prepare the CVP Income Statement at Break-Even.