Below you will find last month's contribution income statement. Contribution Income Statement Sales of 5 Aircraft Total Per Unit Sales (5 aircraft) $ 950,000 $190,000 Variable Expenses 285,000 57,000 665,000 133,000 Contribution Margin Fixed Expenses 300,000 $365,000 Net Operating Income Instructions Prepare the following in a document for Bill: 1. Calculate the break-even point for Wolverine Aircraft. 2. Assuming Wolverine Aircraft continues to sell five aircraft a month, what is the lowest price at which Wolverine Aircraft can offer its aircraft and still make a profit? 3. The advertising department believes a $150,000 increase to their budgeted expenses will yield total sales of 8 aircraft per month. Would you advise Bill to allow this budget increase? How will this affect the company's overall profits? 4. Bill would like the company to obtain profits of $500,000 a month. At the current pricing and cost structure, how many aircraft would Wolverine Aircraft need to sell to reach this goal? "Windows 5. What is Wolverine Aircraft's margin of safety? Why is this number important? [] Windows