eBook Show Me How Sales Needed to Earn Target Income Chillmax Company plans to sell 3,500 pairs of shoes at $60 each in the coming year. Variable cost is 35% of the sales price, contribution margin is 65% of the sale price. Total fixed cost equals $78,000 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Calculate the sales revenue that Chillimax must make to eam operating income of $81,900 by using the point in sales equation 120,000 2. Check your answer by preparing a contribution margin income statement based on the sales dollars calculated in Requirement 1. Enter amounts as positive numbers Chillmax Company Contribution Margin Income Statement At Point in Sales for Target Income Total Sales Total variable cost Total contribution margin Total fixed cost Operating income