Erin Shelton, Inc, wants to earn a target profit of $810,000 this year. The company's fixed costs are expected to be $1,020,000 and its variable costs are expected to be 40 percent of sales. Erin Shelton, Inc., earned $710,000 in profit last year Required: 1. Calculate break-even sales for Erin Shelton, Inc. 2. Prepare a contribution margin income statement on the basis brea-even sales. (Do not leave any cells blank, enter a zero wherever required.) Contribution Margin Income Statement Contribution Margin Proft 3. Calculate the required sales to meet the target profit of $810,000 4. Prepare a contribution margin income statement based on sales required to earn a target profit of $810,000. Contribution Margin I Statemen Contribution Margin Profft 5. When the company earns 5810,000 of net income, what is its margin of safety and margin of safety as a percentage of sales? (Round your "Percentage Sales" answer to 2 decimal places. (ie, .1234 should be entered as 12.34% Margin of Safety Margin of Safety as a Percentage of Sales