2. The Shoe Company had sales for the month of June as follows:\ \ Sneaker Sandal\ Shoes sold 5000 2000\ Average selling price $40 $25\ Average variable cost $20 $10\ \ The only other costs are:\ - Directors salary of $12,000 per year.\ - Rent of $24,000 per year\ \ Required: a) Prepare an income statement by type of shoes and in total for June. Then explain, if it is your goal to achieve $70,000 in operating income monthly, would you change anything to achieve this goal and what would be the outcome of the change (show working for this)\ \ \ \ b) To further assist your decision making, calculate breakeven in sales dollars by type of shoes using the weighted average contribution margin ratio. Consider instead that all things remain the same, but the sales mix becomes 40:60 for Sneaker:Sandal, would the company prefer this mix, explain. (hint, you will need to calculate operating income, weighted average contribution margin, breakeven sales dollars and breakeven sales units to be able to make comparison)