Erin Shelton, Inc., wants to earn a target profit of $920,000 this year. The company's fixed costs are expected to be $1,240,000 and its variable costs are expected to be 50 percent of sales. Erin Shelton, Inc., earned $820,000 in profit last year. Required: 1. Calculate break-even sales for Erin Shelton, Inc. Break-Even Sales 2. Prepare a contribution margin income statement on the basis break-even sales. (Do not leave any cells blank, enter a zero wherever required.) Contribution Margin Income Statement Contribution Margin Profit