5. Presented here is the income statement for Big Sky Incorporated for the month of February: Sales $ 60,500 Cost of goods sold 52,500 Gross profit $ 8,000 Operating expenses 15,000 Operating loss $ (7,000) Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 17%.

Required: a. Rearrange the preceding income statement to the contribution margin format.

b. If sales increase by 10%, what will be the firm's operating income (or loss)?

c. Calculate the amount of revenue required for Big Sky to break even.

A. Rearrange the preceding income statement to the contribution margin format.

b. If sales increase by 10%, what will be the firm's operating income (or loss)? Note: Do not round intermediate calculations. d. c. Calculate the amount of revenue required forBig Sky to break even.