II. Here is last year's income statement for Trotter Industries: Revenue...... Variable Costs.. Fixed Costs.... Net Loss..... .$ 160,000 40,000 150,000 $ (30,000) ===== a. Did Trotter operate exactly AT its breakeven point, ABOVE the breakeven point, or BELOW the breakeven point last year? Explain how you decided. b. Find Trotter's breakeven point in $. c. Does the answer you found in part b represent dollars of cost or dollars of revenue? d. If Trotter wanted to make a net income of $100,000 this coming year, assuming its cost structure remains the same, how much revenue would it have to earn? e. In order to calculate how many units of its product is indicated by your answer to part d, what additional piece of information would you need