7 Required information [The following information applies to the questions displayed below) Solomon Company makes and sells products with variable costs of $24 each, Solomon Incurs annual fixed costs of $413,400. The current sales price is $102. Note: The requirements of this question are interdependent. For example, the $312.000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement de applies to the subsequent requirements. e. If fixed costs drop to $310,000, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. e. If fixed costs drop to $310,000, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg E1 Reg E2 If fixed costs drop to $310,000, what level of sales is required to earn the desired profit? Express your answer in units and dollars. (Do not round Intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit.) Sales volume in units Sales volume in dollars 7,974 813,385 $ Req E2 > Complete this question by entering your answers in the tabs below. Reg E1 Reg E2 If fixed costs drop to $310,000, prepare an income statement using the contribution margin format. (Do not round Intermediate clculations. Round your final answers to nearest whole number.) SOLOMON COMPANY Income Statement Sales $ 813,385 Variable cost 191,385 Contribution margin $ 622.000 Fixed cost 310,000 solo So Net Income $ 312,000