Collabore 5 B het Table Chart Text Shape Media Common (17 Marks) Question Cost VolumeProfit Nes Company prepared the following income statement for 2020: NEC COMPANY Income Statement For the Year Ended December 31, 2020 31,512,000 945,000 Sies 2000 567,000 390,000 Contribution margin expenses $177,000 Net income Instructions Arrower the following independent questions and show computations to support your answers L What is the company's break even point in units in 2020? 2 How many more at would the company have had to sell to earn net income of $250,000 20202 2 the company expects a 15% increase in sales volume in 2021 over 2020, what would be the cedri income in 20213 How much sales in dollars) would the company have to generate in order to earn a target income of $280.000 in 2021? 722 words