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Wolsey Industries Inc expects to maintain the same inventories at the end of 20Y8 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year A summary report of these estimates is as follows: Instructions It is expected that 21,300 units will be sold at a price of $160 a unit. Maximum sales within the relevant range are 25,900 units Required: A Prepare an estimated income statement for 20 Y 8 Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complefe the statement heading. B. What is the expected contribution margin ratio? C. Determine the break-even sales in units and dollars. Round your answers to the nearest whole number D. Construct a cost-volume-profit chart on your own paper. What is the break-even sales? E. What is the expected margin of safety in dollars and as a percentage of sales? Round your answers to the nearest whole number F Determine the operating leverage. Round to one decimal place. B. What is the expected contribution margin ratio? C. Determine the break-even sales in units and dollars. Start by using the contribution margin ratio (part B) and then round your answers to the nearest whole number. Units units Dollars D. Construct a cost-volume-profit chart on your own paper. What is the break-even sales? What is the expected margin of safety in dollars and as a percentage of sales? If applicable, use amounts oveviously computed and then round your answers to the nearest whole number Dollars Percentage F. Determine the operating leverage. Round to one decimal place. Wolsey Industries Inc Estimated Income Statement (Label) 1 2 (Label) 3 4 is 6 7 a (Label) -9. Selling expenses: 10 11 12. Income Statement 1 (Label) 3) Selling expenses: 10 i1 12 13 14 is Administrative expenses: 16 17 18 19 20 Total expenses 21