a. What selling price per unit is necessary to achieve a level of earnings before interest and taxes of $290,000? ___?__(Round to three decimal places.)

b. Set up a pro forma income statement to verify your solution to part a. (Round up all items to the nearest dollar.)

Pro Forma Income Statement
Sales	___?___
Less: Variable costs (30% of sales)	___?___
Revenues before fixed costs	___?___
Less: Fixed costs	___?___
Earnings Before Interest and Taxes	$290,000

(Break-even point and selling price) Specialty Steel, Inc. will manufacture and sell 160,000 units next year. Fixed costs will total $320,000, and variable costs will be 30 percent of sales a. The firm wants to achieve a level of earnings before interest and taxes of $290,000. What selling price per unit is necessary to achieve this result? b. Set up a pro forma income statement to verify your solution to part a. a. What selling price per unit is necessary to achieve a level of earnings before interest and taxes of $290,000? (Round to three decimal places.)