Head-First Company plans to sell 4,400 bicycle helmets at $78 each in the coming year. Variable cost is 60% of the sales price; contribution margin is 40% of the sales price. Total fixed cost equals $50,300 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Calculate the sales revenue that Head-First must make to earn operating income of $93,220 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 below for the exact wording of text items within your income statement. 1. Calculate the sales revenue that Head-First must make to earn operating income of $93,220 by using the point in sales equation. Head-First Company Contribution Margin Income Statement Based on Sales Dollars 1 2 3 4 5