All Frute Company bottles and distributes Frute Ade, a fruit drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 70 cents per bottle. For the year 2017, management estimates the following revenues and costs. Prepare a CVP income statement, compute breakeven point, contribution margin ratio, margin of safety ratio, and sales for target net income. Prepare a CVP income statement for 2017 based on management's estimates. (Show column for total amounts only.) Compute the break-even point in (1) units and (2) dollars. Compute the contribution margin ratio and the margin of safety ratio. Determine the sales dollars required to earn net income of dollar 624,000. (1) 3,000, 000 units CM ratio 52 percentage