Exercise 18-11 Income reporting and break-even analysis LO P2 Blanchard Company manufactures a single product that sells for $104 per unit and whose total variable costs are $78 per unit The company's annual fixed costs are $369,200. (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 $127,000. 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) Percentage of sales Amount 0% $ 0 Required 1 Required 2 Assume the company's fixed costs increase by $127,000. What amount of sales (in dollars) is needed to break even? Break-Even Point in Dollars Choose Denominator: Choose Numerator: Break-Even Point in Dollars / Break-even point in dollars = 0 Required 1 Required 2