Contribution margin, break-even sales, cost-volumeproft chart, margin of sufety, and operating teverage Beimain Co. expects to maintain the same invertories at the end of 20r7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cast of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: It is expected that 9,880 units will be sold at a price of $132 a unit. Maximum sales within the relevant range are 12,000 units. Required: 1. Prepare an estimated income statement for 20r7. Contribution margin, break-even sales, cost-volumeproft chart, margin of sufety, and operating teverage Beimain Co. expects to maintain the same invertories at the end of 20r7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cast of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: It is expected that 9,880 units will be sold at a price of $132 a unit. Maximum sales within the relevant range are 12,000 units. Required: 1. Prepare an estimated income statement for 20r7