Head First Company plans to sell 4,400 bicycle helmets at 578 each in the coming year. Variable cost is 60% of the sales price, contribution margin is 40% of the sales price. Totalfixed cost equals 550,300 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Carcase the sales revenue the Head First must make to an operating income of 503 220 by using the point in sales equation 2. Check your answer by preparing a contribution margin income statement based on the se c ond in Requirement1 Sales Revenue x Contribution Margin Income Statement 1. Calculate the sales revenue that Head-First must make to eam operating income of 593 220 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. Refer to the list of Amount Descriptions for the exact wording of extrems within your income statement Head First Company Contribution Margin Income Statement Based on Sales Dollars