Calculate the breakeven amount in dollars for Reid's Rides for the current year (do not include depreciation or taxes). How many bikes must be sold to meet the breakeven amount?

1.) Income Statement

Sales289,545

Cost of Goods(177,775)

Contributions111,170

Fixed Costs

Depreciation2,000

Utilities13,800

Insurance2650

Vehicle Gas1,140

Phone and Internet3,300

Rent24,000

Vehicle License795

Tools1,020

Part-time Help7,800(56,505)

Profit54,665

Interest: 50,000*.065(3,250)

51,415

Tax: 51,415 * .24(12,339.60)

Profit after Interest and Tax39,075.40