Accounting 122 Group Project 2 Cascade Company estimated the following variable and fixed cost for the only product it produces Variable Cost Per Unit $132.30 $115.30 Fixed Cost $0 $245,000 Direct Materials Direct Labor Factory Overhead Sales Salaries and Commissions Advertising Travel Misc. Selling Expenses Office and Officer Salaries $12.70 $0 $0 $6.70 S0 $6.30 $2.20 $39.500 $24 500 $220,000 $15,000 $17,000 Misc. Administrative Expenses Required 1. Prepare an estimated Contribution Margin Income Statement for the year ended December 31, 2018. (6,000 units are to be produced and sold) Assume the estimated sales price will be $500 per unit. Include one category for variable cost an d one category for fixed cost. 2. Compute the break-even point in units and sales dollars