Genesis company manufactures and sells for high tech geological environment. The company's contribution format income statement for 2020 is given below. Sales (40,000 units) $2,400,000 Variable expenses 1,800,000 Contribution margin P Fixed expenses 480,000 2 Net operating income I 1. Compute the company's CM ratio and variable expense ratio. 2. Compute the company's breakeven point in both unit sales and dollar sales. 3. Assume that sales increase by $800,000 next year. If cost behavior patterns remain unchanged, by how much will the company's net operating income increase? Us the CM ratio to compute your answer 4. Refer to the original data. Assume the next year, management wants the company to earn at least $180,000. How many units will have to be sold to earn this target profit? SHOW COMPUTATIONS