Exercise $18-10($Algo$)$ Income reporting and break$-$even analysis LO P$2$

Sunn Company manufactures a single product that sells for $$140$ per unit and whose variable costs are $$112$ per unit. The company's annual fixed costs are $$400,400.$

$(1)$ Prepare a contribution margin income statement at the break$-$even point.

$(2)$ If the company's fixed costs increase by $$128,000,$ what amount of sales $($in dollars$)$ is needed to break even?