Exercise 21-11 Income reporting and break-even a nalysis LO C2 Blanchard Company manufactures a single product that sells for $140 per unit and whose total variable costs are $112 per unit. The company's annual fixed costs are $400,400 (1) Prepare a contribution margin income statement for Blanchard Company at the break-even point. BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Percentage of sales Amount 140 Sales Variable costs Contribution margin Fixed costs Net income 112 0% 2) Assume the company's fixed costs increase by $128 00. What amount of sales (in dollars) is needed to break even? Break-Even Point in Dollars Choose Numerator: Choose Denominator: -Break-Even Point in Dollars | Total fixed costs n margin ratio | Break-even point in dollars #