Gary's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $650,000 and a contribution margin of 85% of revenues. Read the requirements 1. Requirement 1. Compute Gary's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. = Breakeven sales in dollars Compute Gary's Steel Parts' monthly breakeven sales in dollars. (Round your answer up to the nearest whole number.) The breakeven sales in dollars is Requirement 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $560,000 and if they are $1,010,000. First, select the labels to calculate projected operating income. Then, calculate projected income (or loss) if revenues are $560,000. Finally, calculate projected income ( 0 Requirement 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1 ? Explain. Since $560,000 is (8) the breakeven point, it (9) Since $1,010,000 is (10) the breakeven point, it (11) Requirements 1. Compute Gary's Steel Parts' monthly breakeven sales in dollars. 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $560,000 and if they are $1,010,000. 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain