III = Homework: EXTRA CREDIT ASSIGNMENT--Chapter 7 > Save Part 1 of 11 O Points: 0 of 15 Vast Spirit Calendars imprints calendars with college names. The company has fixed expenses of $1,065,000 each month plus variable expenses of $3.50 per carton of calendars. Of the variable expense, 69% is cost of goods sold, while the remaining 31% relates to variable operating expenses. The company sells each carton of calendars for $13.50. Read the requirements. Requirement 1. Compute the number of cartons of calendars that Vast Spirit Calendars must sell each month to breakeven. Begin by determining the basic income statement equation. Operating income