Bawabat Company bottles and distributes water. The water is sold for 60 cents per half-litre bottle to retailers. For the year 2017, management estimates the following revenues and costs: $h800,000 70,000 430,000 360,000 Sales Variable selling expenses Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expenses Variable administrative expenses Fixed administrative expenses 380.000- 280,000 65,000 :000 60,00 Required (a) Prepare a CVP income statement for 2017 based on management's estimates [4]. (b) Compute the break-even point in (1) units and (2) dollars [4]. (c) Compute the margin of safety ratio and explain what Bawabat can learn from it [2] (d) Determine the sales dollars required to earn net income of $200,000 [2]