For the first time in its history ABC Co. has experienced losses in 2022. The company is organized along 2 divisions: Cars and Trucks. Numbers for 2022 were:

	Cars	Trucks
Units sold	100,000	80,000
Unit Selling price	$8,000	$25,000
Variable costs per unit	$6,400	$17,500
Traceable fixed costs	$136,000,000	$620,000,000

Common fixed costs were $9,600,000.

Prepare a contribution format Income statment (include the amounts and the percentages).

Would a 20% increase in the number of trucks sold be enough for the Company to generate overall profits? Explain your answer.