Exercise 18-11 Income reporting and break-even analysis LO P2 Blanchard Company manufactures a single product that sells for $310 per unit and whose total variable costs are $248 per unit. The company's annual fixed costs are $992,000 (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 $145,000. What amount of sales (in dollars) is needed to break even? Answer is not complete. 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 Sales $ 4,960,000 Variable costs 3.968,000 80% Fixed costs 3 992,000 (00% Not income $ 992,000 lo Exercise 18-11 Income reporting and break-even analysis LO P2 Blanchard Company manufactures a single product that sells for $310 per unit and whose total variable costs are $248 per unit. The company's annual fixed costs are $992,000. (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 $145,000. What amount of sales in dollars) is needed to break even? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Requited 2 Assume the company's fixed costs increase by $145,000. What amount of sales (in dollars) is needed to break even? Choose Numeratori Break Even Point in Dollars Choose Denominator: 1 Break Even Point in Dollars Break-even point in dollars 0