Enn Shelton, Inc. wants to eam o target profit of $940.000 this year. The company's fixed costs are expected to be $1,280,000 and its Variable costs are expected to be 75 percent of sales Erin Shelton, Inc., eamed $840,000 in profit last year Required: 1. Calculate break even tales for Erin Shelton, Inc. 2. Prepare a contribution margin income statement on the basis break-even sales 3. Calculate the required sales to meet the torget profit of $940,000 4. Prepare a contribution margin income statement based on sales required to earn a target profit of $940,000 5. When the company ears $940,000 of net income, what is its margin of safety and margin of safety as a percentage of sales? Complete this question by entering your answers in the tabs below. Required Required 2 Required Required 4 Required 5 Calculate break even sales for Erin Shelton, Inc Groot Eventos Required 2 >