Gratam's Sieel Parts preduces pays for the autamobie indusiry. The company has menthly fued expenses of $620,000 and a contributen margin of 75% of revenues. Read the reourements Begin by identityng the formala fixed expenses : + . Computh Grahamis Sleol Pats' montely breakeven sales in dollars (Round your aniwer op to the nearest whole number) The tiresteven suiet in dolken is Requirement 2. Use the contribution margit ratio to pejoct operating income (or loss) if revenues are $500,000 and if they are $1,030,000. Requirements 1. Compute Graham's Steel Parts' monthly breakeven sales in doilars. 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $500,000 and if they are $1,030,000. 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain