eBook Show Me How Calculator Print Item Sales Needed to Earn Target Income Amount Descriptions Sales Revenue Contribution Margin Income Statement Headfirst Company plans to sell 5800 bicycle helmets at $76 each in the coming year variable cost is 59% of the sales price, contribution margin is 41% of the sales price. Total fixed cost equals $49,600 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Calculate the sales revenue that Head-First must make to ean operating income of $78,156 by using the point in sales equation. 2 Check your answer by preparing a contribution margin income statement based on the sales dollars calculated in Requirement 1