elect 1: CVP Income Statement (10 points) your Excel file to Moodle Do NOT email your filel itu a lawn mower manufacturer: Instructie Prepare your solutions in Excel, and upload the deadline specified by your instructor. Do NOT email ve The following information pertains to Crescent City, a lawn mow $ 1 Budgeted production costs for the coming year: a. Direct materials per mower b. Direct labor per mower c. Variable overhead per mower d. Total fixed overhead 250 130 70 33,500 2 50 Budacted selling and administrative costs for the coming year: a. Fixed selling & adm expense $ 52,900 b. Sales commission per mower od sell 1,500 mowers at a price 3. In the coming year, Crescent City plans to produce and sell 1.500 m of $590 each. Instructions for Project 1: 1. Prepare a CPV income statement. 2. Calculate the breakeven point in units and sales dollars. 3. Calculate the margin of safety. 4. Calculate the margin of safety ratio. 5. If Crescent City wants to earn net income of $100,000, how many unit, it sell