Erin Shelton, Inc., wants to earn a target profit of $980,000 this year. The company's fixed costs are expected to be $1,360,000 and its variable costs are expected to be 60 percent of sales. Erin Shelton, Inc., earned $880,000 in profit last year of 1. 1. Calculate break-even sales for Erin Shelton, Inc. reak-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 Statem Contribution Margin Profit 3. Calculate the required sales to meet the target profit of $980,000. Target Sales