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Exercise 3-20 Sheridan Profiles provides testing services to school districts that wish to assess students' reading and mathematical abilities. Last year Sheridan evaluated 63,600 math tests and 21,200 reading tests. An income statement for last year follows Math Testing Reading Testing Total Total Per Unit Total Per Unit Company Sales revenue $1,653,600 526 3784,400 $37 $2,438,000 Variable expenses 1,208,400 19399,200 16 1.547,600 Contribution margin $445,200 57 $445,200 $21 390,400 Fixed expenses Operating income Your answer is incorrect. Try again What is Sheridan's breakeven point in sale do? (Use your answer of breakeven unite to calculate the breakeven point in dollars. Hound Breakeven units and point in dollar to decimal places, ... 5,275.) Breakevens CALCULATOR + BACK your answer is partially correct. Try again In an effort to raise the demand for reading tests, managers are planning to lower the price from $37 per test to $26 per test, the current price of the math text. They believe that doing so will increase the demand for reading tests to 63,600. Prepare a contribution format income statement reflecting Sheridan's new pricing and demand structure Sheridan Profiles Centribution Income Statement Math Testing Reading Testing Total Per Unit Total Per Unit Total Company Sales Contribution Marin ed Operating Income Los) + LIETO VIDEO LINE TOT LITOV VIDEOLAR EMRIN your answer is incorrect. Try again. what will be Sheridan's breakeven point in sales dollars this change is implemented? (Use your answer of breakevennie to calculate the breakeven point in dollars. Round Breakeven units and point is dear to decimal placet, eg. 5,275.) Bresleven Do you recommend that Sheridan make the change? + Recommendation Sharan make the onge URE TO TY LINK TO THE LIETOVE WESTLAR KRISE Question Attempts Unlimited BUBMIT