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4. Below is the full absorbtion income statement for Katco Inc. for fiscal year 2020: Required: a. Prepair a Contribution Margin (Variable Cost) income statement

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4. Below is the full absorbtion income statement for Katco Inc. for fiscal year 2020: Required: a. Prepair a Contribution Margin (Variable Cost) income statement below: b. Use this formula to calculate the keakeven point in $ : Sbe=1(VARCOST/SALES)FIXEDCOST Sales required @ breakeven = c. Use this formula to calculate the sales $ required to generate a profit of $500,000 : SP=1(VARCOST/SALES)FIXEDCOST+PROFIT Sales required for a profit of $500,000=

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