i just need help with part C

H K N 7 1 P18-3A Prepare a CVP income statement compute break-even point.contribution margin ratio, margin of safety ratio 2 and sales for target net income 3 Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle 4 to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues Sales $1,800,000 Selling expenses variable Direct materials $70,000 430,000 Selling expenses fixed 65,000 8 Direct labor 360,000 Administrative expenses variable 9 20,000 Manufacturing overhead- variable 380,000 Administrative expenses fixed 60,000 10 Manufacturing overhead-fixed 280,000 11 12 Instructions 13 (6) Prepare a CVP income statement for 2020 based on management estimates (show column for total amounts only) 14 (6) Compute the break-even point in (1) units and (2) dollars 15 (c) Compute the contribution murgin ratio and the margin of safety ratio. (Round to the nearest full percent) 16 (d) Determine the sales dollars required to earn net income of $180,000 17 NOTE: Enter a number in cells requesting a value: enter either a number or a formula in cells with a "?". 15 (c) Compute the contribution margin ratio and the margin of safety ratio. (Round to the nearest full percent.) 1 2 3 94 55 56 67 Contribution margin ratio Unit contribution margin Unit selling price Contribution margin ratio $0.15 $0.50 30% 68 Margin of safety ratio Total sales Break-even sales Margin of safety (dollars) Total sales Margin of safety ratio Value Value 69 70 21 72 73 Value 2594