Best Products	Vintage Domestic	EU new	Industry Average
Average Selling Price	$35,000	$27,000	$52,000	$30,000
Unit Sales	1,500	1,850	850	1,250
Interest Expense	750,000	1,000,000	3,000,000	1,500,000
Variable Costs (% of Sales)	60%	45%	40%	48%
Fixed Costs	10,000,000	7,000,000	20,000,000	11,000,000
Preferred Dividends	1,000,000	-	600,000	300,000
Common Shares	5,000,000	8,000,000	3,000,000	7,000,000
Tax Rate	35%	35%	35%	35%
Calculate the proforma income statement based on the assumptions above. Then calculate the breakeven in units and dollars, and the DOL, DFL and DCL for each company and the industry Sales Variable Costs Contribution Cost Fixed Costs Earnings Before Interest and Taxes Interest Expense Earnings Before Taxes Taxes Net Income Preferred Dividends Net Income Available to Common Common Shares Earnings per Common Share Break-even Point (Units) Break-even Point (Dollars) Degree of Operating Leverage Degree of Financial Leverage Degree of Combined Leverage