Head-First Company plans to sell 4,200 bicycle heimets at $71 each in the coming yeac. Variable cost is 50% of the sales price; contribution margin is 41% of the sales price. Total fuxed cost equals $50.000 (includes fixed tactory overheed and fixed selling and administrative expense). Bequired: 1. Calculate the sales revenue that Head-First must make to eam operating income of s s6,440 by using the point in sales equation. 2. Check your answer by propaning a contribudion margin income statement based on the sales dollars calculated in Fequirement f. Amount Descriptions Aoler to the list beibw for the exact wording of text items within your income statement. Amount Descriptions. Operating income Operating lass Sales. Total contrbution margin Total fixed cont Total variable cost Sales Needed to Earn Target Income Contribution Margin Income Statement 2. Check your answer by preparing a conthibution margin incomo statement based on the sales dollars calculatedin Requirement 1 . Rofer to the ilst of Amount Descriptions for the exact wording of fext items ivithin your income statement. 1. Calculate the sales revenue that Head-First must make to eam operating income of 506,440 by using the point in sales equation