Contribution Income Statement and Analysis Picnic Time produces a picnic basket that is sold for $120 per unit. Assume the company produced and sold 4,000 baskets during July. There were no beginning or ending inventories. Variable and fixed costs follow. REQUIRED a. Prepare a contribution income statement for July. b. Determine the break-even point in sales dollars. Note: Do not round intermediate calculations Note: Round up to the nearest dollar, enter $80 for $79.2 c. Suppose the cost of labor is expected to increase next year. How will this affect the break-even point? Break-even point will d. Determine July's margin of safety in sales dollars. $ e. What dollar sales volume is currently required to obtain a before-tax profit of $120,000 ? Note: Do not round intermediate calculations Note: Round up to the nearest dollar, enter $80 for $79.2 $