Exercise 18-11 Income reporting and break-even analysis LO P2 Blanchard Company manufactures a single product that sells for $100 per unit and whose total variable costs are $76 per unit. The company's annual fixed costs are $338,400. (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 $126,000. 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 Sales Variable costs Contribution margin Fixed costs 0% 338,400 338.400 Net income $ Required 1 Required 2 Assume the company's fixed costs increase by $126,000. What amount of sales in dollars) is needed to break even? 1 Choose Numerator: Total fixed costs Break-Even Point in Dollars Choose Denominator: Contribution margin ratio Break-Even Point in Dollars Break-even point in dollars / 0