Head First Company plans to sel 5.800 bicycle helmets at $76 each in the coming year. Variable cost is 50% of the sales price contribution marginis 41% of the sale price. Total fed cost equals $49,500 (includes fixed factory overhead and fixed selling and administrative expense) Required: 1. Calculate the sales revenue that Head Fist must make to earn operating income of $78,186 by using the point in sales equation 2 Check your answer by preparing a contribution margin income statement based on the sales dollars called in Requirement 1 He CO Refer to the list below for the exact wording of text items within your income statement. Amount Descriptions Operating income Operating loss Sales Total contribution margin Total fixed cost Total variable cost HE 1. Calculate the sales revenue that Head-First must make to earn operating income of $78,156 by using the point in sales equation. 2 Check your answer by preparing a contribution margin income statement based on the sales dollars calculated in Requirement 1. Peter to the list of Amount Descriptions for the exact wording of text items within your income statement Head-First Company Contribution Margin Income Statement Based on Sales Dollars