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CVP income statement for Blossom Machine Company for 2021 appears below. BLOSSOM MACHINE COMPANY Income Statement For the Year Ended December 31, 2021 Sales

CVP income statement for Blossom Machine Company for 2021 appears below. BLOSSOM MACHINE COMPANY Income Statement For the Year Ended December 31, 2021 Sales (40,000 units) $1,040,000 Variable expenses 717.600 Contribution margin 322.400 Fixed expenses 370,140 Net income (loss) ($47,740) Answer the following independent questions.

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