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3. You developed the following income statement for your local grocery store. This statement represents the most recent year's operation. Be sure to complete the
3. You developed the following income statement for your local grocery store. This statement represents the most recent year's operation. Be sure to complete the missing data before starting on the question. Sales $ 50,439.38 Variable Cost (25,137) Revenue before fixed costs ? Fixed Costs 10,143 EBIT ? Interest Expense 1,488.76 Earnings Before Taxes 13,671 Taxes at 50% Net Income A) What is the store's break even-point in dollars? B) If sales increase by 30%, by what percent would earnings before taxes (and net income) increase
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