Adam Granger operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $17 and sells them for $23. Adam's current breakeven point is 16,050 hats per year. Your answer is correct. Calculate contribution margin per unit. Contribution margin per unit $ 6 e Textbook and Media Your answer is correct. What is Adam's current level of fixed costs? (Use the rounded contribution margin per unit calculated in the previous part.) Current level of fixed costs $ 96300 e Textbook and Media X Your answer is incorrect. Assume that Adam's fixed costs, variable costs, and sales price were the same last year, when he made $22,470 in net income. How many hats did Adam sell last year, assuming a 30% income tax rate? (Use the rounded contribution margin per unit calculated in the previous part.) 18672 hats e Textbook and Media * Your answer is incorrect. What was Adam's margin of safety last year? Margin of safety $ 2622 e Textbook and Media X Your answer is incorrect. If Adam wants to earn $40,446 in net income, how many hats must he sell, assuming a 30% tax rate? (Use the rounded contribution margin per unit calculated in the previous part.) hats e Textbook and Media x Your answer is incorrect. How many hats must Adam sell to break even if his supplier raises the price of the hats to $18 per hat? (Use the rounded contribution margin per unit for computation.) hats e Textbook and Media x Your answer is incorrect. Adam has decided to increase his sales price to $24 to offset the supplier's price increase. He believes that the increase will result in a 5% reduction from last year's sales volume. What is Adam's expected net income, assuming a 30% tax rate? Net income $ e Textbook and Media