Harold McWillams owns and manages o general merchandise store in a rural area of Virginia. Harold sells appliances, clothing, auto parts, and farming equipment, among a wide variety of other types of merchandise. Because of normal seasonal and cyctical fictuations in the locat economy, he knows that his business will also have these fuctuations, and he is planning to use CVP analysis to help him understand how he can expect his profits to change with these fluctuations. Harold has the following information for his most recent year. Cost of goods sold represents the cost paid for the merchandise he sells, while operating costs represent rent, insurance, and salarios, which are entirely fixed. Required: 1.a. What is Harold's margin of safety (MOS) in dollars? (Do not round intermediate calculations.) 1.6. What is the margin of safely (MOS) ratio? (Input your answer as a percentage rounded to 2 decimal places (L.e., 0.1567= 15.67x).) 3. What is Herold's margin of safety (in dollars) and operating profit if sales should fall to $540,000 ? (Do not round intermediate calculations.)