Company 2AB3 bottles and distributes product named "2AB3". The product is sold for $1.50 per unit to retailers. Management estimates the following revenues and costs at 100% of capacity. Sales Direct materials - variable Direct labour-variable Manufacturing overhead-variable Manufacturing overhead-fixed ling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $3,000,000 1,050,000 1,000,000 400,000 156,000 $35,000 14,000 15,000 30,000 Instructions a) Calculate the net income for the year using the Cost-Volume-Profit (CVP) approach. Present your answer in CVP income statement format. Key words hints: variable costs, contribution margin, fixed costs, net income. (10 points) b) Calculate the break-even point units AND dollars. Do NOT round numbers. (10 points)