Exercise $5-10($Algo$)$ Income reporting and break$-$even analysis LO P$2$

Sunn Company manufactures a single product that sells for $$208$ per unit and whose variable costs are $$156$ per unit. The company

annual fixed costs are $$806,000.$

$(1)$ Prepare a contribution margin income statement at the break$-$even point.

$(2)$ If the company's fixed costs increase by $$140,000,$ 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 at the break$-$even point.