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20,000 200,000 Juicy Beauty Operating Income Statement, June 2017 Units sold Revenues $ Cost of goods sold Variable manufacturing costs $ 110,000 Fixed manufacturing costs 40,000 Total cost of goods sold Gross margin Operating costs Variable marketing costs $ 10,000 Fixed marketing & admin costs 20,000 Total operating costs Operating income $ 150,000 50,000 30,000 20,000 3. What is the margin of safety (in units) for June 2017? (Always use cell references and formulas where appropriate to receive full credit. Use cell references from the income statement, in requirement 1, and your calculations in requirement 2 if applicable. If you copy/paste from the Instruction tab you will be marked wrong.) Margin of safety in units units 4. If sales in June were only 16,000 units and Juicy Beauty's tax rate is 30%, calculate its net income. (Always use cell references and formulas where appropriate to receive full credit. Use cell references from the income statement, in requirement 1, and your calculations in requirement 2 if applicable. If you copy/paste from the Instruction tab you will be marked wrong.) Net income