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Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $128 per unit. The company's annual fixed costs are $464,000 11 Prepare a contribution margin income statement for Blanchard Company showing sales variable costs and fixed costs at the break even point (2) Assume the company's fixed costs increase by $130,000 What amount of sales in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required Required 2 Prepare a contribution margin Income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-even point BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Percentage Amount of sales Sales S 2320.000 100% Variable costs 1 856 000 75% Contribution margin 464 000 25% Fored costs 464 000 Net Income S 0 Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $128 per unit. The company's annual fixed costs are $464,000 (1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break even point (2) Assume the company's fixed costs increase by $130,000 What amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required i Required 2 Assume the company's fixed costs increase by $130,000. What amount of sales (in dollars) is needed to break even? Choose Numerator Total fixed costs Break Even Point In Dollars 1 Choose Denominator 1 Contribution margin rallo 32% Break Even Point in Dollars Break-even point in dollars $ 1.450 000 = 464.000