Exercise 05-11 Income reporting and break-even analysis LO P2 Blanchard Company manufactures a single product that sells for $136 per unit and whose total variable costs are $102 per unit. The company's annual fixed costs are $196,400 (1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break- even point (2) Assume the company's fixed costs increase by $131,000. What amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-even point. BLANCHARD COMPANY Contribution Margin Income Statement (at Break Even) Amount Percentage of sales Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-even point. BLANCHARD COMPANY Contribution Margin Income Statement (at Break Even) Percentage Amount of sales Required 2 > even point (2) Assume the company's fixed costs increase by $131,000. What amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required i Required 2 Assume the company's fixed costs increase by $131,000. What amount of sales (in dollars) is needed to break even? Break Even Point in Dollars Choose Denominator: Choose Numerator: 1 = Break Even Point in Dollars Break-even point in dollars