Edge Company produced and sold 100,000 bags during the year 2019 at $80 per unit. Total fixed cost was $2,500,000 while variable cost was $30 per unit.

Required

(a) Contribution margin income statement for the Year 2019.

(b) Determine the breakeven point in units and in dollars.

(c) Determine the breakpoint point in units and in dollars if variable cost increased by 10%