come Statement, Break-Even Units, Units to Earn Target Income Instructions Amount Descriptions Contribution Margin Income Statement Unit Calculations Instructions Khaling Company sold 27,100 units last year at $15.70 each. Variable cost was $11.70, and total fixed cost was $110,000 Required: 1. Prepare an income statement for Khaling for last year 2. Calculate the break-even point in units 3 Calculate the units that Khaling must sell to eam operating income of $11,600 this year Amount Descriptions Refer to the list below for the exact wording of text items within your income statement Amount Descriptions Operating income Operating loss Sales Total contribution margin Fixed cost Variable cost 1. Prepare an income statement for Khailing for last year Refer to the ist of Amount Descriptions for the exact wording of t emthin your income stafement Il a net loss is incurred, enter that amount as a negative number using a minus sign Khaing Company Condribution Margin Income Statement For the Last Year Sales 425,470.00 17.07000 $108,400.00 110,000.00 (1 600.00) s Total contribution margn Fxed cost S Operating ls 2. Calculate the break-even point in units 27,500 3. Calculate the units that Khaling must sell to earn operating income of $11,600 this year