Erin Shelton, Incorporated, wants to earn a target profit of $$910,000$ this year. The company's fixed costs are expected to be Required $1$

Required $2$

Required $3$

Required $5$

Prepare a contribution margin income statement on the basis of break$-$even sales.

Note: Do not leave any cells blank. Enter a $\text{'}0\text{'}$ wherever necessary.

$\backslash$table$[[$Contribution Margin Income Statement$],[,],[,],[,],[,],[,],[,],[,],[,]]$ Calculate the required sales to meet the target profit of $$910,000.$ Prepare a contribution margin income statement based on sales required to earn a target profit of $$910,000.$When the company earns $$910,000$ of net income, what is its margin of safety and margin of safety as a percentage of sales?

Note: Round your "Percentage Sales" answer to $2$ decimal places. $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34\%.).$

$$1,220,000$ and its variable costs are expected to be $50$ percent of sales. Erin Shelton, Incorporated, earned $$810,000$ in profit last

year.

Required: $$

Calculate break$-$even sales for Erin Shelton, Incorporated.

Prepare a contribution margin income statement on the basis of break$-$even sales.

Calculate the required sales to meet the target profit of $$910,000.$

Prepare a contribution margin income statement based on sales required to earn a target profit of $$910,000.$

When the company earns $$910,000$ of net income, what is its margin of safety and margin of safety as a percentage of sales?

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Calculate break$-$even sales for Erin Shelton, Incorporated.