Exercise \#3: For the year ended December 31, 2016, Taveras produced and sold 100,000 units of product. Instructions: (a) Prepare a CVP income statement using the contribution margin format for Taveras Industries for 2016. (b) What was the company's break-even point in units in 2016? Use the contribution margin technique. (c) What was the company's margin of safety in dollars in 2016? Duration for solving (a), (b) and (c): (12 - 15min.)