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3) ABC Company had the following income statement information: Sales revenue (1,250 units) Cost of goods sold -fixed Cost of goods sold-variable Operating expenses-fixed Operating

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3) ABC Company had the following income statement information: Sales revenue (1,250 units) Cost of goods sold -fixed Cost of goods sold-variable Operating expenses-fixed Operating expenses-variable Net income $25,000 3,000 17,000 1,000 2,000 $2,000 Instructions a) Prepare the income statement using the CVP (cost-volume-profit) format. b) How much is the contribution margin per unit. c) How much is net income if the business sold one more unit. d) Explain if the company achieved break even

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