#3 Hampton Company expects to sell 7,000 vacuum cleaners this year. Hampton incurs $80 of costs for each per vacuum manufactured. The company's fixed cost is $600,000 per year. Each vacuum sells for $200. Required: a. Prepare a contribution margin income statement for Hampton Company. b. Calculate the break-even point in units. c. Calculate the break-even point in dollars. d. Calculate margin of safety. e. How long did it take you to complete this problem?