3. Calculate the required sales to meet the target profit of $960,000 Target Sales 4. Prepare a contribution margin income statement based on sales required to earn a target profit of $960,000. Contribution Margin Income Statement Contribution Margin Profit 5. When the company earns $960,000 of net income, what is its margin of safety and margin of safety as a percentage of sales? (Round your "Percentage Sales" answer to 2 decimal places. (i.e..1234 should be entered as 12.34%.)) Margin of Safety Margin of Safety as a Percentage of Sales %