Anna Maries ABCS Ltd. is a medium-size Canadian company that design and manufacturers childs name frames. The name frames are individually designed using original art and beautifully printed on matte paper with water based pigment inks. For the fiscal year ended December 31, 2020 the company produced and sold 78,250 name frames and presented the following additional information about its products: Sales price $48.00 per unit Fixed cost of goods sold $88,000 Variable cost of goods sold $28.50 per unit Fixed selling expense $73,400 Variable selling expense 18% of sales price Fixed administrative expense $50,600 Variable administrative expense $6.50 per unit Instructions (a) Prepare a cost-volume-profit income statement using the contribution margin format for Anna Maries ABCS Ltd. for the fiscal 2020. (6 marks) (b) By using the contribution margin technique, compute the company's break-even point in units in 2020. (c) Compute the companys margin of safety in dollars in 2020?