Erin Sheiton, Incorporated, wants to earn a target profit of $920,000 this year. The company's flxed costs are expected to be $1,240,000 and its variable costs are expected to be 50 percent of sales. Erin Shelton, incorporated, earned $820,000 in profit last year. Required: 1. Calculate break-even sales for Erin Sheiton, Incorporated 2. Prepare a contribution margin income statement on the basis of break-even sales 3. Calculate the required sales to meet the target profit of $920,000 4. Prepare a contribution margin income statement based on sales required to earn a target profit of $920.000 5. When the company earns $920,000 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. Calculate break-even sales for Enin Sheiton, Incorporated