Crane Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $2,000,000 520,000 390,000 410,000 300,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $55,000 52,000 25,000 128,000 *(a) Prepare a CVP income statement for 2020 based on management's estimates. CRANE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales 2,000,000 Variable Expenses Cost of Goods Sold Selling Expenses 55,000 Administrative Expenses 25,000 Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold 300,000 Selling Expenses 52,000 Administrative Expenses 128,000 Total Fixed Expenses 480000 Net Income/(Loss) Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle Compute the break-even point in (1) units and (2) dollars. (Round answers to o decimal places, e.g. 1,225.) (1) Compute the break-even point units (2) Compute the break-even point Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.g. 0.25 and final answ Contribution margin ratio Margin of safety ratio Determine the sales dollars required to earn net income of $220,500. (Round answer to o decimal places, e.g. 1,225.) Required sales dollars