Flint Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales $1,870,000 Selling expensesvariable $50,000 Direct materials 400,000 Selling expensesfixed 55,000 Direct labor 360,000 Administrative expensesvariable 49,000 Manufacturing overheadvariable 450,000 Administrative expensesfixed 52,000 Manufacturing overheadfixed 304,000 Partially correct answer. Your answer is partially correct. Try again. Prepare a CVP income statement for 2017 based on managements estimates. FLINT COMPANY CVP Income Statement (Estimated) Entry field with correct answer Entry field with correct answer $Entry field with correct answer Entry field with correct answer Entry field with correct answer $Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer $Entry field with incorrect answer now contains modified data LINK TO TEXT LINK TO TEXT LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. Compute the break-even point in (1) units and (2) dollars. (1) Compute the break-even point Entry field with incorrect answer units (2) Compute the break-even point $Entry field with incorrect answer LINK TO TEXT LINK TO TEXT LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.g. 0.255 and final answers to 0 decimal places, e.g. 25%.) Contribution margin ratio Entry field with incorrect answer % Margin of safety ratio Entry field with incorrect answer % LINK TO TEXT LINK TO TEXT LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. Determine the sales dollars required to earn net income of $165,000. Required sales dollars $Entry field with incorrect answer