Goofy Manufacturing makes aluminum serving carts for use in crop duster airplanes. During 2019, the following costs were incurred: PERCENT PERCENT AMOUNT FIXED VARIABLE Direct material $2,600,000 100 Direct labor 1,820,000 100 540,000 100 Variable manufacturing overhead Fixed manufacturing overhead 1,900,000 100 Selling costs 380,000 20 80 Administration costs 230,000 10 90 Sales for 2019 totaled $7,900,000 (50,000 carts) and there were no beginning and ending inventories. Required: ALL CALCULATIONS MUST BE SHOWN 1) Prepare a contribution income statement for the year ended December 31, 2019. 2) Determine the sales in dollars and units required to break even. 3) Determine the sales in dollars and units required to make a $150,000 profit per year